ASOS Plc (ASC) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay. Good morning, everyone. I can see you guys like the back benches. I used to like the back benches once. Good morning, everyone. Thank you for being here today. For those of you who are here. Sorry. Is this working? I hope it is. And also, thank you for those who are online. We are very excited to share with you our fiscal year 23 year-end results and to give you guidance for the mid-term as well. And also, we are very excited to share with you a little bit of the pillars of our strategy to take ASOS back to the path of growth. This is not a full strategic update. We will give you a lighter strategic update. Don't you worry. So you will not be here for hours. It's going to be short. But we thought it is the right moment to give you more color on where we are in our future plans. So as I told you today, Pretty much we're going to cover three blocks. The first one is going to be our year-end results that Sean Glitter, our CFO, will do. The second one we're going to share with you our guidance for fiscal year 24 and the medium term. And last but not least, and very important for us, We want to go more into the details of our plans for this fiscal year and the future to put ASOS back in the path of growth, as I said before, and to make it the most exciting destination for Fashion Loving 30-somethings. But before handing over to Sean, I just wanted to make a little bit of a summary of fiscal year 23, if you want, from a personal perspective. October 22, we were here, I think, physically in the same place and we share with you a pretty clear diagnosis of where the business was. We told you that we have five relevant challenges. We were struggling to generate profit and cash. We were piling up stock and that was generating tensions in our balance sheet. We were losing ...