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ASOS PLC (ASC)

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Thursday 19 September, 2013

ASOS PLC

Trading Statement

RNS Number : 3656O
ASOS PLC
19 September 2013
 



 

19 September 2013

 

ASOS plc ("the Company")

Global Online Fashion Destination

Trading Statement for the three months ended 31 August 2013

 

 


£'000s

UK retail sales

74,101

49,854

276,027

205,258

34%

   US retail sales

20,872

13,097

59%

77,678

49,585

57%

   EU retail sales

53,036

30,678

73%

177,708

117,748

51%

   ROW retail sales

59,922

47,413

26%

222,394

165,296

35%

Total International retail sales

133,830

91,188

47%

477,870

332,629

44%

Total retail sales

207,931

141,042

47%

753,807

537,887

40%








Total group revenues*

46%

769,394

552,854

39%

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

 

 

Q4 Highlights

·    Retail sales +47% year on year (UK +49%, International +47%)

·    International retail sales 64% of total (65% last year)

·    Retail gross margin up c.460bps on prior year

·    7.1 million active customers* at 31 August 2013 (+42% year on year)

 

FY Highlights

·      Retail sales +40% year on year (UK +34%, International +44%)

·      International retail sales mix 63% of total (62% last year)

·      Retail gross margin up c.100bps on prior year

·      Strong balance sheet and cash position

 

*Defined as having shopped in the last 12 months

 

Nick Robertson, CEO, commented:

"I am pleased to report a strong finish to the financial year with retail sales growth for the fourth quarter up 47% to £208 million, and up 40% to £754 million for the full year to 31 August 2013.

Retail sales growth during Q4 was strong in both the UK at +49% and Internationally at +47%. International growth continues to be driven by the countries in which we have dedicated websites and in-country teams, and was particularly strong in Europe, driven by France, Germany, Italy and Spain. We also saw strong growth in the US and in Russia, following the launch of our Russian website.  International equated to 64% of our total retail sales over the period compared with 65% last year, reflecting the strength of our core UK business during the quarter. 

We have now annualised last year's price investments and retail gross margin for the quarter grew by c.460bps year on year. This strong gross margin position has allowed us to continue to invest in the overall customer offer, attracting more active customers which now stand at 7.1 million. 

We expect profit before tax for the year ended 31 August 2013 to be marginally above expectations."

 

Analyst/Investor conference call:

ASOS will be hosting a conference call for analysts and investors at 8:30am (UK Time) today. Please call Jamie Ramsay at College Hill for dial-in details on 020 7457 2047 or email [email protected].

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, 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 selling over 65,000 branded and own-label products to fashion forward twenty-somethings through our website, asos.com. We ship, for free, to 237 countries from our 1.1 million square foot global distribution centre in the UK.

 

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

 

ASOS's websites attract 21.3 million unique visitors a month (31 August 2012: 18.8 million) and as at 31 August 2013 had 13.2 million registered users (31 August 2012: 9.2 million) and 7.1 million active customers* (31 August 2012: 5.0 million).

 

*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

www.asos.com/ru

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%

 

 2012/13

YOY%

UK retail sales

62,053

24%

75,526

28%

64,347

39%

74,101

49%

276,027

34%

   US retail sales

19,048

57%

16,503

50%

21,255

59%

20,872

59%

77,678

57%

   EU retail sales

33,337

15%

44,120

58%

47,215

56%

53,036

73%

177,708

51%

   ROW retail sales

51,357

42%

50,319

33%

60,796

38%

59,922

26%

222,394

35%

International retail sales

103,742

34%

110,942

45%

129,266

48%

133,830

47%

477,780

44%

Total retail sales

165,795

30%

186,468

37%

193,613

45%

207,931

47%

753,807

40%

 

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%

 

Pro forma split of retail sales by quarter for the year ending 31 August 2011

£'000s

Q1

YOY%

Q2

YOY%

Q3

YOY%

Q4

YOY%

 

2010/11

YOY%

UK retail sales

47,383

23%

52,857

20%

43,087

20%

43,421

1%

186,748

16%

   US retail sales

4,186

254%

6,365

227%

7,480

176%

7,919

144%

25,950

186%

   EU retail sales

18,647

79%

23,576

105%

23,714

68%

25,110

77%

91,047

81%

   ROW retail sales

10,847

241%

17,778

265%

25,703

363%

31,021

295%

85,349

298%

International retail sales

33,680

128%

47,719

161%

56,897

154%

64,050

153%

202,346

151%

Total retail sales

81,063

53%

100,576

62%

99,984

71%

107,471

58%

389,094

61%

 

 

 


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