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ASC Asos Plc

343.80
0.40 (0.12%)
Last Updated: 08:58:27
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Asos Plc LSE:ASC London Ordinary Share GB0030927254 ORD 3.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.40 0.12% 343.80 344.00 351.20 343.80 343.80 343.80 6,321 08:58:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Womens Accesory, Spcl Stores 3.55B -223.1M -1.8747 -1.83 408.67M

ASOS PLC Trading Statement (8812I)

05/06/2014 7:01am

UK Regulatory


Asos (LSE:ASC)
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TIDMASC

RNS Number : 8812I

ASOS PLC

05 June 2014

5 June 2014

ASOS plc ("the Company")

Global Online Fashion Destination

Trading Statement for the three months ended 31 May 2014

 
                                            Three months to 31 May                 Nine months to 31 May 
 GBP'000s                              2014     2013  Increase    CCY^        2014     2013  Increase    CCY^ 
                                                                 increase                               increase 
----------------------------------  -------  -------  --------  ---------  -------  -------  --------  --------- 
 UK retail sales                     91,880   64,347       43%        43%  273,920  201,926       36%        36% 
----------------------------------  -------  -------  --------  ---------  -------  -------  --------  --------- 
   US retail sales                   24,765   21,255       17%        28%   71,514   56,806       26%        31% 
   EU retail sales                   64,710   47,215       37%        42%  192,336  124,672       54%        52% 
   ROW retail sales                  61,600   60,796        1%        16%  177,504  162,472        9%        20% 
----------------------------------  -------  -------  --------  ---------  -------  -------  --------  --------- 
 Total International retail sales   151,075  129,266       17%        28%  441,354  343,950       28%        33% 
----------------------------------  -------  -------  --------  ---------  -------  -------  --------  --------- 
 Total retail sales                 242,955  193,613       25%        33%  715,274  545,876       31%        34% 
----------------------------------  -------  -------  --------  ---------  -------  -------  --------  --------- 
 
 Total group revenues*              248,081  197,199       26%        34%  729,807  556,930       31%        34% 
----------------------------------  -------  -------  --------  ---------  -------  -------  --------  --------- 
 

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

^On constant exchange rate basis

Three months to 31 May 2014 highlights

   --    Retail sales +25% year on year (UK +43%, International +17%) 
   --    International retail sales 62% of total (67% last year) 
   --    Retail gross margin down c.370bps on prior year 
   --    8.6 million active customers* at 31 May 2014 (+32% year on year) 
   --    Strong balance sheet and cash position 

*Defined as having shopped in the last 12 months

Nick Robertson, CEO, commented:

"Retail sales for the quarter were strong, increasing by 25% (+33% at constant exchange rates) with particularly strong growth in the UK of 43%. However, Sterling's continued strengthening has resulted in a slowdown in our international sales growth to 17% (+28% at constant exchange rates).

The resultant higher mix of UK and European sales, with lower retail margins, together with increased levels of promotional activity, leads us to reduce our EBIT margin guidance to c.4.5% from c.6.5% for the current financial year.

Whilst our profit performance for this financial year is not what we had hoped for due to an unusual combination of factors, our accelerated investment in technology and infrastructure to support our GBP2.5bn sales ambition is progressing and capex remains within guided levels. All customer metrics - active customers, new customers, order frequency and units per basket - are positive and we are totally focussed on rolling out the ASOS business model globally as the world's leading online fashion destination for 20-somethings."

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 Instinctif Partners for dial-in details on 020 7457 2047 or email jamie.ramsay@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, Finance Director 
  Greg Feehely, Head of Investor Relations 
 
 
 
   Instinctif Partners                          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 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 75,000 branded and own-brand products through localised mobile and web experiences, delivering from our UK hub 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 83 million visits per month (May 2013: 69 million) and as at 31 May 2014 had 8.6 million active customers(1) (31 May 2013: 6.5 million), of which 3.3 million were located in the UK and 5.3 million were located in our international territories (31 May 2013: 2.7 million in the UK and 3.8 million internationally).

(1) Defined as having shopped in the last 12 months

   www.asos.com                   www.asos.es 
   www.us.asos.com               www.asos.com/ru 
   www.asos.de                      www.asos.cn 
   www.asos.fr                        m.asos.com 
   www.asos.com/au               marketplace.asos.com 
   www.asos.it                        fashionfinder.asos.com 

Appendix 1

Retail sales by quarter for the year ending 31 August 2014

 
                                                                                YTD 
GBP'000s              Q1(1)  YOY%    Q2(2)  YOY%       Q3  YOY%  Q4  YOY%   2013/14  YOY% 
------------------  -------  ----  -------  ----  -------  ----      ----  --------  ---- 
UK retail sales     133,667   37%   48,373   21%   91,880   43%             273,920   36% 
  US retail sales    32,253   28%   14,496   41%   24,765   17%              71,514   26% 
  EU retail sales    87,295   69%   40,331   57%   64,710   37%             192,336   54% 
  ROW retail 
   sales             82,450   19%   33,454    3%   61,600    1%             177,504    9% 
International 
 retail sales       201,998   38%   88,281   29%  151,075   17%             441,354   28% 
------------------  -------  ----  -------  ----  -------  ----      ----  --------  ---- 
Total retail 
 sales              335,665   38%  136,654   26%  242,955   25%             715,274   31% 
------------------  -------  ----  -------  ----  -------  ----      ----  --------  ---- 
 

Retail sales by quarter for the year ending 31 August 2013

 
 
GBP'000s              Q1(1)  YOY%    Q2(2)  YOY%       Q3  YOY%       Q4  YOY%    2012/13  YOY% 
------------------  -------  ----  -------  ----  -------  ----  -------  ----  ---------  ---- 
UK retail sales      97,713   28%   39,866   23%   64,347   39%   74,101   49%    276,027   34% 
  US retail sales    25,280   56%   10,271   48%   21,255   59%   20,872   59%     77,678   57% 
  EU retail sales    51,780   29%   25,677   53%   47,215   56%   53,036   73%    177,708   51% 
  ROW retail 
   sales             69,083   39%   32,593   34%   60,796   38%   59,922   26%    222,394   35% 
International 
 retail sales       146,143   38%   68,541   43%  129,266   48%  133,830   47%    477,780   44% 
------------------  -------  ----  -------  ----  -------  ----  -------  ----  ---------  ---- 
Total retail 
 sales              243,856   34%  108,407   35%  193,613   45%  207,931   47%    753,807   40% 
------------------  -------  ----  -------  ----  -------  ----  -------  ----  ---------  ---- 
 

Retail sales by quarter for the year ending 31 August 2012

 
GBP'000s              Q1(1)  YOY%   Q2(2)  YOY%       Q3  YOY%       Q4  YOY%  2011/12  YOY% 
------------------  -------  ----  ------  ----  -------  ----  -------  ----  -------  ---- 
UK retail sales      76,581   11%  32,386    4%   46,437    8%   49,854   15%  205,258   10% 
  US retail sales    16,209  154%   6,928   66%   13,351   78%   13,097   65%   49,585   91% 
  EU retail sales    40,118   37%  16,728   29%   30,224   27%   30,678   22%  117,748   29% 
  ROW retail 
   sales             49,654  196%  24,317  106%   43,912   71%   47,413   53%  165,296   94% 
International 
 retail sales       105,981  102%  47,973   66%   87,487   54%   91,188   42%  332,629   64% 
------------------  -------  ----  ------  ----  -------  ----  -------  ----  -------  ---- 
Total retail 
 sales              182,562   50%  80,359   34%  133,924   34%  141,042   31%  537,887   38% 
------------------  -------  ----  ------  ----  -------  ----  -------  ----  -------  ---- 
 

(1) Four months to 31 December

(2) Two months to 28 February

This information is provided by RNS

The company news service from the London Stock Exchange

END

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