ASOS on the right track with profitability boost despite ongoing sales fall
Closely-watched ASOS has released its results for the half-year to 2 March and said that its “new commercial model” is driving a “profitability transformation”. ASOS That statement refers to its positive adjusted EBITDA, which was up around £60 million year-on-year (YoY) in H1, driven not just by the new commercial model but also by “sustained…