Trading Statement

RNS Number : 8097L
ASOS PLC
14 January 2016
 

 

14 January 2016

 

ASOS plc ("the Company")

Global Online Fashion Destination

Trading Statement for the four months ended 31 December 2015

 

 


Four months to 31 December

£m1

2015

2014

Increase

CCY2 Increase

UK retail sales

206.2

165.5

25%

25%

 US retail sales

49.7

34.9

42%

35%

 EU retail sales

111.0

86.3

29%

40%

 ROW retail sales

80.0

78.5

2%

13%

International retail sales

240.7

199.7

20%

28%

Total retail sales

446.9

365.2

22%

27%






Total group revenue3

459.7

374.7

23%

27%

1All numbers subject to rounding

2On constant exchange rate basis

3Includes retail sales, delivery receipts and third party revenues

 

Four months to 31 December 2015 highlights

 

·    Retail sales up 22% (UK retail sales +25%, International retail sales +20%)

·    International retail sales 54% of total (55% last year)

·    Retail gross margin down c.40bps

·    10.7 million active customers4 at 31 December 2015 (+18% year on year)

·    Strong balance sheet and cash position

 

4Defined as having shopped in the last 12 months

 

Nick Beighton, CEO, commented:

"We have traded well through peak and are continuing to invest in the future growth of the business. We are on track with our plans for the year as a whole.

Retail sales for the four months to 31 December 2015 grew by 22% (+27% on a constant currency basis) in line with expectations. We had record sales over cyber weekend in late November and have seen further growth in average order frequency, average basket value and number of orders, alongside an acceleration in active customer growth to +18%.

UK growth remained strong at +25% and our improved international sales growth of 20% (+28% on a constant currency basis) was underpinned by our continued price investments, further deployment of our zonal pricing tool and continued strong full price sales mix. As a result the retail gross margin declined by a net 40bps.

We are progressing well with our warehouse and technology investments and in December construction began on our EuroHub 2 facility." 

Analyst/Investor conference call:

ASOS will be hosting a conference call for analysts and investors at 7:45am (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 Beighton, Chief Executive 


Helen Ashton, Chief Financial 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

Michael Wentworth-Stanley / Caroline Thomlinson                                                  


Numis Securities    

Tel: 020 7260 1000

Alex Ham / Luke Bordewich                                                             


 

Background note

ASOS is a global fashion destination for 20-somethings. We sell cutting-edge 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 attract 114 million visits per month (December 2014: 98 million) and as at 31 December 2015 had 10.7 million active customers1 (31 December 2014: 9.1 million), of which 4.2 million were located in the UK and 6.5 million were located in our international territories (31 December 2014: 3.7 million in the UK and 5.4 million internationally).

1Defined as having shopped in the last 12 months

www.asos.com

www.us.asos.com

www.asos.fr

www.asos.de

www.asos.es

www.asos.it

www.asos.com/au

www.asos.com/ru

www.asos.com/cn

m.asos.com

marketplace.asos.com

www.likes.asos.com

 

Appendix 1 - Retail sales growth by period1 in sterling

Year ending 31 August 2016

£m2

P11

YOY%

P21

YOY%

P31

YOY%

P41

YOY%

 2015/16 YTD
 

YOY%

 

UK retail sales

206.2

25%







206.2

25%

   US retail sales

49.7

42%







49.7

42%

   EU retail sales

111.0

29%







111.0

29%

   ROW retail sales

80.0

2%







80.0

2%

International retail sales

240.7

20%







240.7

20%

Total retail sales

446.9

22%







446.9

22%

 

Year ending 31 August 2015

£m2

P11

YOY%

P21

YOY%

P31



YOY%

P41




YOY%

 

 2014/15 

YOY%

UK retail sales

165.5

24%

65.9

36%

158.4

27%

84.1

29%

473.9

27%

   US retail sales

34.9

8%

19.6

35%

44.5

43%

20.5

41%

119.5

29%

   EU retail sales

86.3

(1%)

49.9

24%

105.8

21%

52.0

26%

294.0

15%

   ROW retail sales

78.5

(5%)

35.8

7%

77.3

(2%)

40.9

3%

232.5

(1%)

International retail sales

199.7

(1%)

105.3

19%

227.6

16%

113.4

18%

646.0

11%

Total retail sales

365.2

9%

171.2

25%

386.0

20%

197.5

23%

1,119.9

17%

 

Year ending 31 August 2014

£m2

P11

YOY%

P21

YOY%

P31

YOY%

P41

YOY%

2013/14

YOY%

UK retail sales

133.7

37%

48.4

21%

125.1

44%

65.0

27%

372.2

35%

   US retail sales

32.3

28%

14.5

41%

31.0

13%

14.5

0%

92.3

19%

   EU retail sales

87.3

69%

40.3

57%

87.4

36%

41.4

16%

256.4

44%

   ROW retail sales

82.4

19%

33.5

3%

78.6

(1%)

39.9

(4%)

234.4

5%

International retail sales

  202.0

38%

88.3

29%

197.0

15%

95.8

4%

583.1

22%

Total retail sales

335.7

38%

136.7

26%

322.1

25%

 160.8

12%

  955.3

27%

 

1 Periods are as follows: 

P1: four months to 31 December

P2: two months to 28/29 February

P3: four months to 30 June

P4: two months to 31 August

 

2 All numbers subject to rounding

 

Appendix 2 - Retail sales growth by period1 at constant currency

Year ending 31 August 2016

£m2

P11

YOY%

P21

YOY%

P31

YOY%

P41

YOY%

 2015/16 YTD 

YOY%

UK retail sales

206.2

25%







206.2

25%

   US retail sales

49.7

35%







49.7

35%

   EU retail sales

111.0

40%







111.0

40%

   ROW retail sales

80.0

13%







80.0

13%

International retail sales

240.7

28%







240.7

28%

Total retail sales

446.9

27%







446.9

27%

 

Year ending 31 August 2015

£m2

P11

YOY%

P21

YOY%

P31

YOY%

P41

YOY%

 

 2014/15

YOY%

UK retail sales

165.5

24%

65.9

36%

158.4

27%

84.1

29%

473.9

27%

   US retail sales

34.9

9%

19.6

25%

44.5

31%

20.5

31%

119.5

22%

   EU retail sales

86.3

6%

49.9

34%

105.8

37%

52.0

41%

294.0

26%

   ROW retail sales

78.5

1%

35.8

13%

77.3

4%

40.9

13%

232.5

6%

International retail sales

199.7

4%

105.3

25%

227.6

23%

113.4

28%

646.0

17%

Total retail sales

365.2

12%

171.2

29%

386.0

24%

197.5

28%

1,119.9

21%

 

Year ending 31 August 2014

£m2

P11

YOY%

P21

YOY%

P31

YOY%

P41

YOY%

2013/14

YOY%

UK retail sales

133.7

37%

48.4

21%

125.1

44%

65.0

27%

372.2

35%

   US retail sales

32.3

28%

14.5

45%

31.0

24%

14.5

10%

92.3

25%

   EU retail sales

87.3

60%

40.3

55%

87.4

41%

41.4

24%

256.4

45%

   ROW retail sales

82.4

27%

33.5

15%

78.6

12%

39.9

4%

234.4

15%

International retail sales

  202.0

39%

  88.3

34%

197.0

25%

95.8

13%

583.1

28%

Total retail sales

335.7

38%

136.7

30%

322.1

31%

 160.8

18%

  955.3

30%

 

1 Periods are as follows: 

P1: four months to 31 December

P2: two months to 28/29 February

P3: four months to 30 June

P4: two months to 31 August

 

2 All numbers subject to rounding

 


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