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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.60 | -0.45% | 356.80 | 354.00 | 355.40 | 357.20 | 347.60 | 350.00 | 220,217 | 16:35:23 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Womens Accesory, Spcl Stores | 3.55B | -223.1M | -1.8747 | -1.89 | 422.72M |
From Apr 2019 to Apr 2024
TIDMASC
RNS Number : 9476T
ASOS PLC
12 January 2017
12 January 2017
ASOS plc ("the Company")
Trading Statement for the four months ended 31 December 2016
Hot Features
Premium
Four months to 31 December
Reported CCY(2)
GBPm(1) 2016 2015 Increase Increase
------------------------ ------ ------ ---------- ----------
UK retail sales 244.0 206.2 18% 18%
US retail sales 82.7 49.7 66% 42%
EU retail sales 165.8 111.0 49% 38%
ROW retail sales 113.2 77.4 46% 44%
International retail
sales 361.7 238.1 52% 41%
------------------------ ------ ------ ---------- ----------
Total retail sales 605.7 444.3 36% 30%
------------------------ ------ ------ ---------- ----------
Total group revenue(3) 621.3 457.1 36% 30%
------------------------ ------ ------ ---------- ----------
(1) All numbers subject to rounding
(2) Constant currency has been calculated to take into account hedged rate movements on hedged sales and spot rate
movements on unhedged sales
(3) Includes retail sales, delivery receipts and third party revenues
Highlights include:
-- Retail sales grew strongly, +36% on a reported basis and +30% on a constant currency basis as investments in pricing and proposition continued to gain traction
-- Strong performance in the UK with retail sales growth of +18% in a more promotional market
-- International retail sales accelerated to +52% aided by the reinvestment of the FX tailwind resulting from sterling weakness and US import duty benefits
-- Retail gross margin down 30bps on prior year, in line with plan
-- Continued strong customer engagement: active customers(4) +25%, average basket value +2%, average order frequency +6%
-- Total orders shipped 15.5m, +35% year on year
(4) Defined as having shopped in the last twelve months
Guidance:
-- Medium term reported sales growth guidance remains unchanged at c.20-25% p.a.
-- Following reinvestment of FX and US duty benefits largely into price, guidance for FY17 reported sales growth is increased to c.25-30%
-- Including enhanced reinvestment, we remain confident of delivering current market consensus PBT expectations for the year
-- Capital expenditure is now expected to be in the GBP150-170m range for the current financial year
Nick Beighton, CEO, commented:
"Following record sales over Cyber weekend and the Christmas trading period, I'm pleased to report a strong start to the year. A 50% plus increase in international sales is a standout performance. UK sales growth at 18% was a strong performance in a more promotional market.
With sales for the year now expected to be up by c.25 to 30%, we're accelerating our infrastructure investment to handle that growth. ASOS remains well set to meet its longer-term ambitions as a result of the hard work and commitment of the team".
Investor and Analyst conference call:
ASOS will be hosting a conference call for analysts and investors at 7:45am (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
For further information:
ASOS plc Tel: 020 7756 1000 Nick Beighton, Chief Executive Officer Helen Ashton, Chief Financial Officer Greg Feehely, Director of Investor Relations Website: www.asosplc.com/investors Instinctif Partners Tel: 020 7457 2020 Matthew Smallwood / Justine Warren / Guy Scarborough JPMorgan Cazenove Tel: 020 7742 4000 Michael Wentworth-Stanley / Caroline Thomlinson Numis Securities Tel: 020 7260 1000 Alex Ham / Luke Bordewich
Forward looking statements:
This announcement may include statements that are, or may be deemed to be, "forward-looking statements" (including words such as "believe", "expect", "estimate", "intend", "anticipate" and words of similar meaning). By their nature, forward-looking statements involve risk and uncertainty since they relate to future events and circumstances, and actual results may, and often do, differ materially from any forward-looking statements. Any forward-looking statements in this announcement reflect management's view with respect to future events as at the date of this announcement. Save as required by applicable law, the Company undertakes no obligation to publicly revise any forward-looking statements in this announcement, whether following any change in its expectations or to reflect events or circumstances after the date of this announcement.
Background note:
ASOS is a global fashion destination for 20-somethings. We sell cutting-edge fashion and offer a wide variety of fashion-related content, making ASOS.com the hub of a thriving fashion community. We sell over 85,000 branded and own-brand products through localised mobile and web experiences, delivering from our fulfilment centres in the UK, US and Europe to almost every country in the world.
We tailor the mix of own-label, global and local brands sold through each of our eight local language websites: UK, US, France, Germany, Spain, Italy, Australia and Russia.
ASOS's websites attracted 139 million visits during December 2016 (December 2015: 114 million) and as at 31 December 2016 it had 13.4 million active customers(1) (31 December 2015: 10.7 million), of which 4.9 million were located in the UK and 8.5 million were located in our international territories (31 December 2015: 4.2 million in the UK and 6.5 million internationally).
(1) Defined as having shopped in the last twelve months
Appendix 1 - Retail sales growth by period in sterling
Year ending 31 August 2017
2016/17
GBPm(1) P1(2) YOY% P2(2) YOY% P3(2) YOY% P4(2) YOY% YTD YOY%
------------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
UK retail sales 244.0 18% 244.0 18%
US retail sales 82.7 66% 82.7 66%
EU retail sales 165.8 49% 165.8 49%
ROW retail sales 113.2 46% 113.2 46%
International
retail sales 361.7 52% 361.7 52%
------------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
Total retail sales 605.7 36% 605.7 36%
------------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
Year ending 31 August 2016
GBPm(1) P1(2) YOY% P2(2) YOY% P3(2) YOY% P4(2) YOY% 2015/16 YOY% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ---- UK retail sales 206.2 25% 83.3 26% 203.1 28% 111.2 32% 603.8 27% US retail sales 49.7 42% 27.1 38% 68.3 53% 34.1 67% 179.2 50% EU retail sales 111.0 29% 56.9 14% 139.5 32% 67.5 30% 374.9 28% ROW retail sales 77.4 3% 33.0 (5%) 87.4 16% 48.0 21% 245.8 9% International retail sales 238.1 21% 117.0 12% 295.2 31% 149.6 34% 799.9 25% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ---- Total retail sales 444.3 23% 200.3 18% 498.3 30% 260.8 33% 1,403.7 26% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ----
Year ending 31 August 2015
GBPm(1) P1(2) YOY% P2(2) YOY% P3(2) YOY% P4(2) YOY% 2014/15 YOY% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- ------- ---- UK retail sales 165.5 24% 65.9 36% 158.4 27% 84.1 29% 473.9 27% US retail sales 34.9 8% 19.6 35% 44.5 43% 20.5 41% 119.5 29% EU retail sales 86.3 (1%) 49.9 24% 105.8 21% 51.9 26% 293.9 15% ROW retail sales 75.3 (8%) 34.7 8% 75.1 (1%) 39.7 3% 224.8 (2%) International retail sales 196.5 (3%) 104.2 20% 225.4 16% 112.1 19% 638.2 10% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- ------- ---- Total retail sales 362.0 8% 170.1 26% 383.8 20% 196.2 23% 1,112.1 17% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- ------- ----
(1) All numbers subject to rounding
(2) Periods are as follows:
P1: four months to 31 December
P2: two months to 28/29 February
P3: four months to 30 June
P4: two months to 31 August
Appendix 2 - Retail sales growth by period at constant currency(1)
Year ending 31 August 2017
2016/17
GBPm(2) P1(3) YOY% P2(3) YOY% P3(3) YOY% P4(3) YOY% YTD YOY%
------------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
UK retail sales 244.0 18% 244.0 18%
US retail sales 82.7 42% 82.7 42%
EU retail sales 165.8 38% 165.8 38%
ROW retail sales 113.2 44% 113.2 44%
International
retail sales 361.7 41% 361.7 41%
------------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
Total retail sales 605.7 30% 605.7 30%
------------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
Year ending 31 August 2016
GBPm(2) P1(3) YOY% P2(3) YOY% P3(3) YOY% P4(3) YOY% 2015/16 YOY% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ---- UK retail sales 206.2 25% 83.3 26% 203.1 28% 111.2 32% 603.8 27% US retail sales 49.7 35% 27.1 32% 68.3 45% 34.1 47% 179.2 22% EU retail sales 111.0 40% 56.9 17% 139.5 22% 67.5 30% 374.9 26% ROW retail sales 77.4 15% 33.0 0% 87.4 17% 48.0 20% 245.8 6% International retail sales 238.1 29% 117.0 14% 295.2 25% 149.6 29% 799.9 17% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ---- Total retail sales 444.3 27% 200.3 19% 498.3 26% 260.8 30% 1,403.7 21% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ----
Year ending 31 August 2015
GBPm(2) P1(3) YOY% P2(3) YOY% P3(3) YOY% P4(3) YOY% 2014/15 YOY% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- ------- ---- UK retail sales 165.5 24% 65.9 36% 158.4 27% 84.1 29% 473.9 27% US retail sales 34.9 9% 19.6 25% 44.5 31% 20.5 31% 119.5 22% EU retail sales 86.3 6% 49.9 34% 105.8 37% 51.9 41% 293.9 26% ROW retail sales 75.3 (3%) 34.7 14% 75.1 5% 39.7 14% 224.8 5% International retail sales 196.5 3% 104.2 25% 225.4 23% 112.1 28% 638.2 17% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- ------- ---- Total retail sales 362.0 11% 170.1 29% 383.8 25% 196.2 29% 1,112.1 21% ------------------- ----- ---- ----- ---- ----- ---- ----- ---- ------- ----
(1) From 1 July 2016, constant currency has been calculated to take into account hedged rate movements on hedged sales and spot rate movements on unhedged sales as this more closely reflects reality. Prior to this, the calculation only took into account spot rate movements on total sales.
(2) All numbers subject to rounding
(3) Periods are as follows:
P1: four months to 31 December
P2: two months to 28/29 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
TSTQFLFFDFFZBBX
(END) Dow Jones Newswires
January 12, 2017 02:00 ET (07:00 GMT)
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