Etailer Asos’s next update, covering the fourth quarter and expected to be issued in mid-April, will be eagerly devoured by investors.
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Much of the interest will be in the fashion etailer’s growing overseas operations.
Singer analyst Matthew McEachran believes it will be a “key update” and said: “We regard the statement as an important indicator of future growth potential.
“In particular, the recent local languages launches in the US, France and Germany should have driven substantial volume growth and performance of the UK business should be back to trend, having been hampered by snow and delivery disruption in the third quarter.”
The broker upped its profit forecast for the current year by 1.8% to £28.5m. McEachran rates Asos a sell, however, because of its “stretched” valuation after a share price fall this month was reversed.