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ASOS PLC (ASC)

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Wednesday 13 April, 2011

ASOS PLC

Q4 Trading Update

RNS Number : 7983E
ASOS PLC
13 April 2011
 



 

 

ASOS plc

Leading online fashion store

 

Trading Statement for the 3 months ended 31 March 2011

 


Q4

Q4



Full Year


£'000s

2010/11

2009/10

Increase

2010/11

2009/10

Increase

Retail sales

54,850

70%

324,825

205,491

58%

-  UK sales

36,281

24%

183,703

147,571

24%

-  Total International sales

48,432

18,569

161%

141,122

57,920

144%

-       US sales

2,195

222%

18,926

5,536

242%

-       EU sales

12,087

77%

73,851

40,636

82%

-       ROW sales

20,032

4,287

367%

48,345

11,748

312%

Group revenues*

96,634

59,293

63%

340,416

222,999

53%

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

 

 

Q4 Highlights (January - March 2011)

 

·      Retail sales accelerated + 70 % year on year (Q3 +59%)

·      UK retail sales + 24 % / International retail sales + 161 %

·      International sales mix 52%

·      ASOS Fashion Finder launched March 2011

 Full Year Highlights (April 2010 - March 2011)

 

·      Retail sales up 58 % year on year (UK + 24 % / International + 144 %)

·      Profit before tax likely to be towards the top end of expectations

·      Small increase in retail gross margin, in line with guidance

·      Investment in free shipping and returns has led to a reduction in overall gross margin

 

Nick Robertson, CEO, commented:

 

"I am pleased to report another successful quarter with retail sales accelerating +70%, up from +59% in our third quarter. Importantly our UK business remained strong +24%, vs +23% in the third quarter. 

 

With International becoming an increasingly significant part of our future, I was pleased to see our International sales mix exceed that of the UK for the first time, accounting for 52% of our retail sales.   

 

Profit before tax, pre exceptional, for the full year to March 2011 is likely to be towards the top end of expectations.  

 

We have approached the new financial year with confidence and are excited about the prospects for both our UK and International businesses."

 

13 April 2011

 

 

Preliminary results and future trading updates

 

ASOS will announce its final results for the year ended 31 March 2011 on Thursday 2 June 2011, when it will provide a full overview and update on the business.

 

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

+44 (0) 1452 560 304

Conference ID:

58310397

 

 

For further information:

 

ASOS plc

Tel: 020 7756 1017

Nick Robertson, Chief Executive 

 

Nick Beighton, Finance Director

 

 

 

College Hill

Tel: 020 7457 2020

Matthew Smallwood / Justine Warren / Jamie Ramsay

 

 

 

JPMorgan Cazenove

Tel: 020 7588 2828

Luke Bordewich / Gina Gibson

 

 

 

Numis Securities

Tel: 020 7260 1000

Alex Ham

 

 

 

 

Background note

ASOS is a global online fashion and beauty retailer and offers over 50,000 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 at fashion forward 16-34 year olds globally, ASOS attracts over 13 million unique visitors a month and as at 31 March 2011 had 5.3 million registered users and 3.0 million active customers from 160 countries (defined as having shopped in the last 12 months).

www.asos.com 

www.us.asos.com

www.asos.de

www.asos.fr

m.asos.com

  

 

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

£'000s

Q1

YOY%

Q2

YOY%

Q3

YOY%

Q4

YOY%

2010/11

YOY%

UK sales

38,758

32%

43,680

21%

56,320

23%

44,945

24%

183,703

24%

International sales

22,954

111%

26,017

128%

43,719

156%

48,432

161%

141,122

144%

-     US sales

2,812

199%

3,752

293%

5,297

267%

7,065

222%

18,926

242%

-     EU sales

14,176

70%

13,880

71%

24,460

102%

21,335

77%

73,851

82%

-     ROW sales

5,966

266%

8,385

259%

13,962

300%

20,032

367%

48,345

312%

Total retail sales

61,712

54%

69,697

47%

100,039

59%

93,377

70%

324,825

58%

 

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%

 


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