Trading Statement

RNS Number : 3118S
ASOS PLC
07 July 2015
 

 

7 July 2015

 

ASOS plc ("the Company")

Global Online Fashion Destination

Trading Statement for the four months ended 30 June 2015

 

 


Four months to 30 June

Ten months to 30 June

£'000

2015

2014

Increase

CCY1 increase

2015

2014

Increase

CCY1 increase

UK retail sales

158,386

125,070

27%

27%

389,756

307,110

27%

27%

 US retail sales

44,461

31,012

43%

31%

98,989

77,761

27%

21%

 EU retail sales

105,844

87,406

21%

37%

242,072

215,032

13%

23%

 ROW retail sales

77,333

78,564

(2%)

4%

191,636

194,468

(1%)

5%

227,638

196,982

16%

23%

532,697

487,261

9%

15%

Total retail sales

386,024

322,052

20%

24%

922,453

794,371

16%

20%










Total group revenue2

396,671

329,007

21%

24%

947,145

810,733

17%

20%

1On constant exchange rate basis

2Includes retail sales, delivery receipts and third party revenues

 

Four months to 30 June 2015 highlights

 

·    Retail sales up 20% (UK retail sales +27%, International retail sales +16%)

·    International retail sales 59% of total (61% last year)

·    Retail gross margin up c.280bps on prior year

·    9.7 million active customers3 at 30 June 2015 (+11% year on year)

·    Strong balance sheet and cash position

 

3Defined as having shopped in the last 12 months

 

Nick Robertson, CEO, commented:

"Retail sales for the four months to 30 June 2015 grew by 20% (+24% on a constant currency basis). UK growth remained strong at +27%.  Our continued international price investments underpinned our international sales growth of 16% (+23% on a constant currency basis), despite a number of currencies weakening against Sterling.

After accounting for our price investments during the period, the full year gross margin is nonetheless expected to remain in line with last year, assisted by tighter inventory control and strong full price sales. We anticipate that sales for the full year will be at the higher end of our guided 15-20% growth range. We have increased investment in our people and our customer proposition, particularly in relation to free returns trials. We therefore expect EBIT margin to remain at the guided level of c.4%.

We will update our progress with respect to these initiatives when we announce our results for the year ending 31 August 2015 on the 20 October." 

Analyst/Investor conference call:

ASOS will be hosting a conference call for analysts and investors at 8:45am (UK Time) today. Please call Guy Scarborough at Instinctif Partners for dial-in details on 020 7457 2047 or email guy.scarborough@instinctif.com.

A recording of this conference call will be available on the ASOS Plc investor centre website later today: http://www.asosplc.com/investors.aspx 

Photography:

Latest photography will be available at: http://www.asosplc.com/media/image-library.aspx

For further information:

ASOS plc                                                                          

Tel: 020 7756 1000

Nick Robertson, Chief Executive 


Nick Beighton, Chief Financial Officer / Chief Operating Officer

Greg Feehely, Director of Investor Relations






Instinctif Partners

Tel: 020 7457 2020

Matthew Smallwood / Justine Warren / Guy Scarborough 

 



 

JPMorgan Cazenove 

 

Tel: 020 7742 4000

Caroline Thomlinson




 

Numis Securities    

 

Tel: 020 7260 1000

Alex Ham                   


 

Background note

ASOS is a global fashion destination for 20-somethings. We sell cutting-edge 'fast fashion' and offer a wide variety of fashion-related content, making ASOS.com the hub of a thriving fashion community. We sell over 80,000 branded and own-brand products through localised mobile and web experiences, delivering from our fulfilment centres in the UK, US, Europe and China to almost every country in the world.

 

We tailor the mix of own-label, global and local brands sold through each of our nine local language websites: UK, US, France, Germany, Spain, Italy, Australia, Russia and China.

 

ASOS's websites attracted 98 million visits during June 2015 (June 2014: 71 million) and as at 30 June 2015 had 9.7 million active customers1 (30 June 2014: 8.7 million), of which 3.8 million were located in the UK and 5.9 million were located in our international territories (30 June 2014: 3.4 million in the UK and 5.3 million internationally).

1Defined as having shopped in the last 12 months

www.asos.com 

www.us.asos.com  

www.asos.de

www.asos.fr

www.asos.com/au

www.asos.it

www.asos.es

www.asos.com/ru

www.asos.cn

m.asos.com

marketplace.asos.com

 

Appendix 1 - Retail sales growth by period1 in sterling

 

Year ending 31 August 2015

£'000

P11

YOY%

P21

YOY%

P31

YOY%

P41

YOY%

 2014/15 YTD  

YOY%

UK retail sales

165,509

24%

65,861

36%

158,386

27%



389,756

27%

   US retail sales

34,932

8%

19,596

35%

44,461

43%



98,989

27%

   EU retail sales

86,339

(1%)

49,889

24%

105,844

21%



242,072

13%

   ROW retail sales

78,456

(5%)

35,847

7%

77,333

(2%)



191,636

(1%)

International retail sales

199,727

(1%)

105,332

19%

227,638

16%



532,697

9%

Total retail sales

365,236

9%

171,193

25%

386,024

20%



922,453

16%

 

Year ending 31 August 2014

£'000

P11

YOY%

P21

YOY%

P31

YOY%

P41

YOY%

 

 2013/14

YOY%

UK retail sales

133,667

37%

48,373

21%

125,070

44%

65,131

27%

372,241

35%

   US retail sales

32,253

28%

14,496

41%

31,012

13%

14,550

0%

92,311

19%

   EU retail sales

87,295

69%

40,331

57%

87,406

36%

41,353

16%

256,385

44%

   ROW retail sales

82,450

19%

33,454

3%

78,564

(1%)

39,890

(4%)

234,358

5%

International retail sales

  201,998

38%

  88,281

29%

196,982

15%

95,793

4%

583,054

22%

Total retail sales

335,665

38%

136,654

26%

322,052

25%

160,924

12%

  955,295

27%

 

Year ending 31 August 2013

£'000

P11

YOY%

P21

YOY%

P31

YOY%

P41

YOY%

2012/13

YOY%

UK retail sales

97,713

28%

39,866

23%

87,091

38%

51,357

55%

276,027

34%

   US retail sales

25,280

56%

10,271

48%

27,549

58%

14,578

61%

77,678

57%

   EU retail sales

51,780

29%

25,677

53%

64,457

54%

35,794

89%

177,708

51%

   ROW retail sales

69,083

39%

32,593

34%

79,285

36%

41,433

26%

222,394

35%

International retail sales

  146,143

38%

68,541

43%

171,291

45%

91,805

51%

477,780

44%

Total retail sales

243,856

34%

108,407

35%

258,382

43%

 143,162

52%

  753,807

40%

 

1 Periods are as follows:

P1: four months to 31 December

P2: two months to 28 February

P3: four months to 30 June

P4: two months to 31 August

 

Appendix 2 - Retail sales growth by period1 at constant currency

 

Year ending 31 August 2015

£'000

P11

YOY%

P21

YOY%

P31

YOY%

P41

YOY%

 2014/15 YTD 

YOY%

UK retail sales

165,509

24%

65,861

36%

158,386

27%



389,756

27%

   US retail sales

34,932

9%

19,596

25%

44,461

31%



98,989

21%

   EU retail sales

86,339

6%

49,889

34%

105,844

37%



242,072

23%

   ROW retail sales

78,456

1%

35,847

13%

77,333

4%



191,636

5%

International retail sales

199,727

4%

105,332

25%

227,638

23%



532,697

15%

Total retail sales

365,236

12%

171,193

29%

386,024

24%



922,453

20%

 

Year ending 31 August 2014

£'000

P11

YOY%

P21

YOY%

P31

YOY%

P41

YOY%

 

 2013/14

YOY%

UK retail sales

133,667

37%

48,373

21%

125,070

44%

65,131

27%

372,241

35%

   US retail sales

32,253

28%

14,496

45%

31,012

24%

14,550

10%

92,311

25%

   EU retail sales

87,295

60%

40,331

55%

87,406

41%

41,353

24%

256,385

45%

   ROW retail sales

82,450

27%

33,454

15%

78,564

12%

39,890

4%

234,358

15%

International retail sales

  201,998

39%

  88,281

34%

196,982

25%

95,793

13%

583,054

28%

Total retail sales

335,665

38%

136,654

30%

322,052

31%

 160,924

18%

  955,295

30%

 

Year ending 31 August 2013

£'000

P11

YOY%

P21

YOY%

P31

YOY%

P41

YOY%

2012/13

YOY%

UK retail sales

97,713

28%

39,866

23%

87,091

38%

51,357

55%

276,027

34%

   US retail sales

25,280

56%

10,271

52%

27,549

52%

14,578

59%

77,678

55%

   EU retail sales

51,780

40%

25,677

58%

64,457

48%

35,794

77%

177,708

51%

   ROW retail sales

69,083

39%

32,593

34%

79,285

34%

41,433

30%

222,394

34%

International retail sales

  146,143

42%

  68,541

45%

171,291

42%

91,805

49%

477,780

43%

Total retail sales

243,856

36%

108,407

36%

258,382

40%

 143,162

51%

  753,807

40%

 

1 Periods are as follows:

P1: four months to 31 December

P2: two months to 28 February

P3: four months to 30 June

P4: two months to 31 August

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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