ASOS (ASC)

Sector:

Retailers

Index:

FTSE Small Cap

337.50p
   
  • Change Today:
      19.50p
  • 52 Week High: 446.00p
  • 52 Week Low: 230.00p
  • Currency: UK Pounds
  • Shares Issued: 119.52m
  • Volume: 192,324
  • Market Cap: £403.38m
  • RiskGrade: 234
  • Beta: 0.00

Asos slashes debt following Topshop sale

By Abigail Townsend

Date: Wednesday 11 Sep 2024

LONDON (ShareCast) - (Sharecast News) - Asos has nearly halved its debt, the fast-fashion retailer confirmed on Wednesday, following the sale of its majority stake in Topshop and Topman.
The online-only business said net debt had been reduced by around £150m following the sale and a refinancing of its convertible bonds.

Danish retail billionaire Anders Holch Povlsen agreed to buy Asos's majority stake in its Topshop and Topman brands in a £135m deal struck last week.

Asos acquired both brands, along with Miss Selfridge and activewear brand HIIT, for £265m in 2021, after Philip Green's retail empire Arcadia collapsed into administration.

The online retailer has also completed a refinancing, which saw £253m exchanged into convertible bonds due 2028, from convertible bonds due 2026.

A further £173.4m of the 2026 bonds was accepted for repurchase, while £73.6m remains.

As a result, Asos confirmed it had been able to significantly reduce its debt. At the interim results published in April, net debt in the 26 weeks to 3 March 2024 stood at £348.8m.

As at 0915 BST, shares in Asos were up 2% at 433.8p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ASOS Market Data

Currency UK Pounds
Share Price 337.50p
Change Today 19.50p
% Change 6.13 %
52 Week High 446.00p
52 Week Low 230.00p
Volume 192,324
Shares Issued 119.52m
Market Cap £403.38m
Beta 0.00
RiskGrade 234

ASOS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.14% above the market average3.14% above the market average3.14% above the market average3.14% above the market average3.14% above the market average
27.78% above the sector average27.78% above the sector average27.78% above the sector average27.78% above the sector average27.78% above the sector average
Price Trend
45.44% below the market average45.44% below the market average45.44% below the market average45.44% below the market average45.44% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income Not Available
Growth
58.21% below the market average58.21% below the market average58.21% below the market average58.21% below the market average58.21% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 7
Sell 5
Strong Sell 1
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ASOS Dividends

No dividends found

Trades for 18-Jul-2025

Time Volume / Share Price
15:05 2 @ 341.00p
16:35 51,646 @ 337.50p
16:35 1 @ 337.50p
16:35 950 @ 337.50p
16:35 187 @ 337.50p

ASOS Key Personnel

CEO José Antonio Ramos Calamonte
CFO Aaron Izzard

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