ASOS Plc: Update on impact of the Russian invasion of Ukraine

Summary

ASOS is providing an update on the impact of the Russian invasion of Ukraine on its business. ASOS' priority is the safety of its colleagues and partners in the region. Immediately following the invasion, ASOS suspended sales in Ukraine as it became impossible to serve customers there. Against the backdrop of the continuing war, ASOS decided to suspend sales to Russia earlier today. In FY21 Russia and Ukraine represented c.4% of Group revenue and contributed approximately £20m to Group profit.

Source(s)

The company.