In the six months ending February, Asos’s group revenues increased 25 per cent at constant currency — to £1.976 billion. Retail sales rose to £1.92 million while gross margin declined to 45 per cent from 47 per cent. Asos’s adjusted EBITDA during these six months increased 90 per cent to £180.8 million while its pre-tax profit rose 253 per cent to £106.4 million. Adjusted pre-tax profit was up an even bigger 275 per cent at £112.9 million.

The company’s customer base increased 1.5 million to 25 million over the six months. Its UK sales increased by 39 per cent while sales in EU grew by 18 per cent, the US 16 per cent and the rest of the world (RoW) sales grew by16 per cent. The company’s body category grew by a record 114 per cent, while activewear rose by 95 per cent and casualwear 69 per cent. It bought a few of Arcadia’s brands during the including its star Topshop label.

Its existing brands also performed well during the period. ASOS Design delivered 24 per cent growth year-on-year while ASOS 4505 posted a 68 per cent growth. Its brand Reclaimed Vintage saw a “stellar performance” with 92 per cent growth, expanding its share of product mix by +30bps.

Asos also added 100 new delivery points during the six months besides expanding its Click & Collect offering to 166,000 locations globally.