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ASOS PLC (ASC)

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Tuesday 11 December, 2012

ASOS PLC

Trading Statement

RNS Number : 1948T
ASOS PLC
11 December 2012
 



 

11 December 2012

 

ASOS plc ("the Company")

Global Online Fashion Store

Trading Statement for the 3 months ended 30 November 2012

 

 


Q1

Q1


£'000s

2012/13

2011/12

Increase

UK retail sales

62,053

49,942

24%

   US retail sales

19,048

12,144

57%

   EU retail sales

33,337

28,911

15%

   ROW retail sales

51,357

36,123

42%

Total International retail sales

103,742

77,178

34%

Total retail sales

165,795

127,120

30%





Total group revenues*

169,431

130,692

30%

* Includes retail sales, delivery receipts and third party revenues.

 

 

Q1 Highlights

·      International sales 63% of total (61% last year)

·      Retail gross margin down 100bps on prior year (+440bps in Q1 2011/12)

·      In-country offices opened in USA, France and Germany

·      5.4 million active customers* at 30 November 2012 (+35% year on year)

 

 

Nick Robertson, CEO, commented:

""I am pleased to report strong trading for the three months to 30 November 2012 with total retail sales up 30% to £166m.

Our UK performance was ahead of expectations at +24%, driven by better conversion of traffic alongside continued investment in both our proposition and pricing. Our International business grew by +34% and now accounts for 63% of our total retail sales. We achieved +57% growth in the US, +42% growth in ROW, and +15% growth within the EU. Once again the performance of countries where we have dedicated websites was significantly better than the EU performance as a whole.

The retail gross margin performance reflects a combination of a particularly strong comparative period, the UK accounting for a larger percentage of the total retail sales mix than initially planned and continued price reinvestment.

We remain positive in our outlook and continue to trade in line with expectations."

*Defined as having shopped in the last 12 months

 



 

For further information:

 

ASOS plc                                                                          

 

Tel: 020 7756 1000

Nick Robertson, Chief Executive 


Nick Beighton, Finance Director

Greg Feehely, Head of Investor Relations






 

College Hill

 

Tel: 020 7457 2020

Matthew Smallwood / Justine Warren / Jamie Ramsay 

 



 

JPMorgan Cazenove 

 

Tel: 020 7742 4000

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 60,000 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 twenty-somethings globally, ASOS attracts 23.0 million unique visitors a month (November 2011 18.2 million) and as at 30 November 2012 had 10.1 million registered users (30 November 2011: 7.1 million) and 5.4 million active customers* (30 November 2011: 4.0 million) 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

www.asos.com/au

www.asos.it

www.asos.es

m.asos.com

marketplace.asos.com

fashionfinder.asos.com

 

 

 

 

 

 

 

Appendix 1

Pro forma split of retail sales by quarter for the year ending 31 August 2013

£'000s

Q1

YOY%

Q2

YOY%

Q3

YOY%

Q4

YOY%

YTD 2012/13

YOY%

UK retail sales

62,053

24%







62,053

24%

   US retail sales

19,048

57%







19,048

57%

   EU retail sales

33,337

15%







33,337

15%

   ROW retail sales

51,357

42%







51,357

42%

International retail sales

103,742

34%







103,742

34%

Total retail sales

165,795

30%







165,795

30%

 

Pro forma split of retail sales by quarter for the year ending 31 August 2012

£'000s

Q1

YOY%

Q2

YOY%

Q3

YOY%

Q4

YOY%

2011/12

YOY%

UK retail sales

49,942

5%

59,025

12%

46,437

8%

49,854

15%

205,258

10%

   US retail sales

12,144

190%

10,993

73%

13,351

78%

13,097

65%

49,585

91%

   EU retail sales

28,911

55%

27,935

18%

30,224

27%

30,678

22%

117,748

29%

   ROW retail sales

36,123

233%

37,848

113%

43,912

71%

47,413

53%

165,296

94%

International retail sales

77,178

129%

76,776

61%

87,487

54%

91,188

42%

332,629

64%

Total retail sales

127,120

57%

135,801

35%

133,924

34%

141,042

31%

537,887

38%

 


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