ASOMF - ASOS expects FY revenue and profits ahead of market expectations.

ASOS ([[ASOMF]]) expects revenue growth expected to be between 17-19% with PBT in the region of £130M-150M.The improvement is supported by stronger than anticipated underlying demand and the continuation of the beneficial returns profile highlighted in our last trading statement.Company has seen a significant and sustained reduction in returns rates since April.The recent trading dynamics to deliver FY20 sales and PBT ahead of market expectations and further support strong underlying cash generation in this year.Source

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ASOS expects FY revenue and profits aheadof market expectations.