Trading Statement

RNS Number : 6960Z

ASOS PLC

19 January 2011

 



ASOS plc

Leading online fashion store 

Trading Statement for the 3 months ended 31 December 2010

	Q3	Q3
£'000s	2010/11	2009/10	Increase
Retail sales	100,039	62,984	59%
-  UK sales	56,320	45,934	23%
-  Total International sales	43,719	17,050	156%
-       US sales	5,297	1,445	267%
-       EU sales	24,460	12,114	102%
-       ROW sales	13,962	3,491	300%
Group revenues*	104,126	67,203	55%

*Includes retail sales, postage and packaging (P&P) income and 3^rd party revenues

Q3 Highlights

·      Retail sales up 59% year on year (UK +23% / International +156%)

·      International sales mix 44%

·      Retail gross margin in line with guidance

·      Marketplace website launched November 2010

·      New warehouse 'fit out' on track for commissioning in Spring 2011

Nick Robertson, CEO, commented:

"I am pleased to report on another very strong quarter with retail sales growth accelerating to 59%, up from 50% in the first half.  Our UK business grew 23% and our International business grew 156%, helped by the introduction of our US, French and German websites in October 2010 and a free global shipping offer in the run up to Christmas.  International sales now represent 44% of the total up from 37% in the first half.  

With International sales continuing to perform well, we remain confident about the outlook and expect our full year results to be in line with market expectations".

19 January 2011

Analyst Conference call

A conference call for investors and analysts will take place at 8.30am today. Dial in details for the call are as follows:

Dial in                           0800 694 0257 or [phone]                    

Conference ID:            37758281

For further information:

ASOS plc	Tel: [phone]
Nick Robertson, Chief Executive
Nick Beighton, Finance Director
Website: www.asos.com
College Hill	Tel: [phone]
Matthew Smallwood / Justine Warren / Jamie Ramsay
JPMorgan Cazenove	Tel: [phone]
Luke Bordewich / Gina Gibson
Numis Securities	Tel: [phone]
Alex Ham

Background note

Established in June 2000 and admitted to AIM in October 2001, ASOS.com is the UK's largest independent online fashion and beauty retailer and offers over 40,000 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty with approximately 1,500 new product lines being introduced each week.

Aimed primarily at fashion forward 16-34 year olds, ASOS.com attracts over 11 million unique visitors a month and as at 31 December 2010 had 4.9 million registered users and 2.7 million active customers (defined as having shopped in the last 12 months).

www.asos.com 

Appendix: Split of Retail Sales by Quarter for the Year Ended 2009/2010

£'000s	Q1	YOY%	Q2	YOY%	Q3	YOY%	Q4	YOY%	2009/10	YOY%
UK sales	29,311	34%	36,045	33%	45,934	11%	36,281	19%	147,571	22%
International sales	10,890	145%	11,411	110%	17,050	110%	18,569	76%	57,920	103%
-           US sales	941	216%	955	141%	1,445	71%	2,195	128%	5,536	121%
-           EU sales	8,317	125%	8,118	96%	12,114	96%	12,087	45%	40,636	82%
-           ROW sales	1,632	205%	2,338	189%	3,491	257%	4,287	203%	11,748	215%
Total retail sales	40,201	53%	47,456	45%	62,984	28%	54,850	34%	205,491	38%

Appendix: Split of Retail Sales by Quarter for the Year to Date 2010/2011

£'000s	Q1	YOY%	Q2	YOY%	Q3	YOY%			YTD 2010/11	YOY%
UK sales	38,758	32%	43,680	21%	56,320	23%			138,758	25%
International sales	22,954	111%	26,017	128%	43,719	156%			92,690	136%
-           US sales	2,812	199%	3,752	293%	5,297	267%			11,861	255%
-           EU sales	14,176	70%	13,880	71%	24,460	102%			52,516	84%
-           ROW sales	5,966	266%	8,385	259%	13,962	300%			28,313	279%
Total retail sales	61,712	54%	69,697	47%	100,039	59%			231,448	54%

 

END

 

 

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