Fire at ASOS Eurohub 2 Distribution Centre, Berlin

RNS Number : 2900F

ASOS PLC

16 May 2017

 

ASOS plc ("the Company")

Fire at ASOS Eurohub 2 Distribution Centre in Berlin

At 3.00am on Tuesday 16th May 2017, a fire broke out in our new Eurohub 2 Distribution Centre based outside of Berlin. A full evacuation was conducted successfully with no injuries to the team. All relevant safety measures were executed as planned and the fire was contained to one of the four chambers in the first phase of the development. Contingency plans were executed successfully with customer orders currently being fulfilled via our Barnsley warehouse.

As at Monday 15th May 2017, the business held c7m units of stock within the Eurohub 2 facility. There were c2.0m units of stock in the affected chamber with a cost value of c£25m of which our initial estimate of 25% or c£6.25m could be compromised by fire and water damage.

None of the technology, automation or structure of the building has been affected by the fire. The clean-up process is underway and it is anticipated that the other three chambers of the site will be operational again later today. We are fully insured for loss of stock and any subsequent business interruption.

For further information:

ASOS plc	Tel: [phone]
Nick Beighton, Chief Executive Officer
Helen Ashton, Chief Financial Officer Greg Feehely, Director of Investor Relations Website: www.asosplc.com/investors
Instinctif Partners	Tel: [phone]
Matthew Smallwood / Guy Scarborough
JPMorgan Cazenove	Tel: [phone]
Michael Wentworth-Stanley / Caroline Thomlinson
Numis Securities	Tel: [phone]
Alex Ham / Luke Bordewich

Background note

ASOS is a global fashion destination for 20-somethings. We sell cutting-edge fashion and offer a wide variety of fashion-related content, making ASOS.com the hub of a thriving fashion community. We sell over 85,000 branded and own-label products through localised mobile and web experiences, delivering from our fulfilment centres in the UK, US and Europe to almost every country in the world.

We tailor the mix of own-label, global and local brands sold through each of our eight local language websites: UK, US, France, Germany, Spain, Italy, Australia and Russia.

ASOS's websites attracted 127 million visits during February 2017 (February 2016: 106 million) and as at 28 February 2017 it had 14.1 million active customers1 (29 February 2016: 10.9 million), of which 5.0 million were located in the UK and 9.1 million were located in our international territories (29 February 2016: 4.3 million in the UK and 6.6 million internationally).

¹Defined as having shopped in the last twelve months as at 28 February 2017

 

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