TIDMASC
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 Ten months to 30 June
June
CCY(1) CCY(1)
GBP'000 2015 2014 Increase increase 2015 2014 Increase 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%
International
retail sales 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
revenue(2) 396,671 329,007 21% 24% 947,145 810,733 17% 20%
--------------- -------- -------- --------- ---------- -------- -------- --------- ----------
(1) On constant exchange rate basis
(2) Includes 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 customers(3) at 30 June 2015 (+11% year on year)
-- Strong balance sheet and cash position
(3) Defined 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 customers(1) (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).
(1) 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
www.asos.cn
m.asos.com
marketplace.asos.com
Appendix 1 - Retail sales growth by period(1) in sterling
Year ending 31 August 2015
2014/15
GBP'000 P1(1) YOY% P2(1) YOY% P3(1) YOY% P4(1) YOY% 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
GBP'000 P1(1) YOY% P2(1) YOY% P3(1) YOY% P4(1) 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
GBP'000 P1(1) YOY% P2(1) YOY% P3(1) YOY% P4(1) 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 period(1) at constant
currency
Year ending 31 August 2015
2014/15
GBP'000 P1(1) YOY% P2(1) YOY% P3(1) YOY% P4(1) YOY% 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
GBP'000 P1(1) YOY% P2(1) YOY% P3(1) YOY% P4(1) 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
GBP'000 P1(1) YOY% P2(1) YOY% P3(1) YOY% P4(1) 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
END
TSTDQLFBEDFBBBV
Asos (LSE:ASC)
Historical Stock Chart
From Apr 2024 to May 2024
Asos (LSE:ASC)
Historical Stock Chart
From May 2023 to May 2024