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ASC Asos Plc

343.40
-4.20 (-1.21%)
25 Apr 2024 - Closed
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
  -4.20 -1.21% 343.40 341.20 342.60 355.60 340.40 355.00 366,027 16:35:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Womens Accesory, Spcl Stores 3.55B -223.1M -1.8747 -1.83 407.72M

ASOS PLC Trading Statement (3118S)

07/07/2015 7:00am

UK Regulatory


Asos (LSE:ASC)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Asos Charts.

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

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