Business
Fire at ASOS Eurohub 2 Distribution Centre, Berlin
Fire at ASOS Eurohub 2 Distribution Centre, Berlin.
About this update from Asos Plc
[{"type":"text","content":"\n \nRNS Number : 2900F ASOS PLC 16 May 2017 \n\n \n \n \nASOS plc (\"the Company\")\n \nFire at ASOS Eurohub 2 Distribution Centre in Berlin\n\n\nAt 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. \n \nAs 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.\n\nNone 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.\n \nFor further information: \n\n\n\n\nASOS plc \n\n\nTel: 020 7756 1000\n\n\n\n\nNick Beighton, Chief Executive Officer\n\n\n\n\n\n\n\nHelen Ashton, Chief Financial Officer\nGreg Feehely, Director of Investor Relations\nWebsite: www.asosplc.com/investors\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nInstinctif Partners\n\n\n \nTel: 020 7457 2020\n\n\n\n\nMatthew Smallwood / Guy Scarborough \n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n \nJPMorgan Cazenove \n\n\n \nTel: 020 7742 4000\n\n\n\n\nMichael Wentworth-Stanley / Caroline Thomlinson\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nNumis Securities \n\n\n \nTel: 020 7260 1000\n\n\n\n\...