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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -5.60 | -1.61% | 342.00 | 341.00 | 342.60 | 355.60 | 342.00 | 355.00 | 199,114 | 16:05:20 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Womens Accesory, Spcl Stores | 3.55B | -223.1M | -1.8747 | -1.84 | 410.1M |
From Apr 2019 to Apr 2024
TIDMASC
RNS Number : 9094K
ASOS PLC
13 July 2017
13 July 2017
ASOS plc ("the Company")
Trading Statement for the four months ended 30 June 2017
Hot Features
Premium
Four months to 30 Ten months to 30 June
June
Reported CCY(3) Reported CCY(3)
GBPm(1) 2017 2016(2) Increase Increase 2017 2016(2) Increase Increase
--------------- ------ -------- ---------- ---------- -------- -------- ---------- ----------
UK retail
sales 234.6 203.1 16% 16% 575.4 492.6 17% 17%
US retail
sales 94.4 68.3 38% 26% 218.7 145.1 51% 33%
EU retail
sales 196.6 139.5 41% 30% 445.5 307.4 45% 34%
ROW retail
sales 134.5 87.4 54% 41% 309.7 197.8 57% 47%
International
retail sales 425.5 295.2 44% 32% 973.9 650.3 50% 38%
--------------- ------ -------- ---------- ---------- -------- -------- ---------- ----------
Total retail
sales 660.1 498.3 32% 26% 1,549.3 1,142.9 36% 29%
--------------- ------ -------- ---------- ---------- -------- -------- ---------- ----------
Total group
revenue(4) 675.8 512.4 32% 26% 1,587.3 1,175.5 35% 29%
--------------- ------ -------- ---------- ---------- -------- -------- ---------- ----------
(1) All numbers subject to rounding throughout this document
(2) Restated to remove the results of the discontinued operation in China
(3) Constant currency is calculated to take account of hedged rate movements on hedged sales and spot rate movements on unhedged sales
(4) Includes retail sales, delivery receipts and third party revenues
Highlights include:
-- International retail sales growth of +44%, UK +16%
-- Continued strong customer engagement: active customers(5) +25%, average basket value +3%, average order frequency(6) +6%, conversion +10bps
-- Retail gross margin flat versus prior year -- Total orders shipped 16.9m, +28% year on year -- Phase 1 transition to Eurohub 2 warehouse operational and phase 2 underway -- Over 300 tech releases in the period
Guidance:
-- Current financial year reported sales growth anticipated to be at the upper end of the 30-35% range
-- Full Year PBT anticipated to be in line with market consensus(7) -- Full year capital expenditure anticipated to be in the GBP150-170m guided range -- Medium term reported sales growth guidance remains unchanged at c.20-25% p.a.
Nick Beighton, CEO, commented:
"Strong H1 sales momentum has continued through the third period supported by our ongoing investment in our customer proposition and in price.
This good performance has been underpinned by advances across all areas of our business including retail, technology, warehousing, delivery solutions and customer care. We have made a smooth transition to our new Eurohub 2 facility in Germany and anticipate confirming a new US logistics hub soon.
We remain on track and confident of meeting market expectations and will release our results for the year to 31 August 2017 on 17 October 2017."
(5) Defined as having shopped in the last 12 months as at 30 June 2017
(6) Calculated as last 12 months' total orders divided by active customers
(7) Company compiled PBT consensus for FY 2017 of GBP79.4m
Investor and Analyst conference call:
ASOS will be hosting a conference call for analysts and investors at 8.30am (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
Matthew Smallwood / Guy Scarborough Tel: 020 7457
2020
JPMorgan Cazenove Tel: 020 7742
Michael Wentworth-Stanley / Caroline 4000
Thomlinson
Numis Securities Tel: 020 7260
Alex Ham / Luke Bordewich 1000
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-label 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 146 million visits during June 2017 (June 2016: 123 million) and as at 30 June 2017 it had 15.0 million active customers(1) (30 June 2016: 12.0 million), of which 5.2 million were located in the UK and 9.8 million were located in our international territories (30 June 2016: 4.6 million in the UK and 7.4 million internationally).
(1) Defined as having shopped in the last 12 months as at 30 June 2017
Appendix 1 - Retail sales growth by period in sterling
Year ending 31 August 2017
2016/17
GBPm P1(2) YOY% P2(2) YOY% P3(2) YOY% P4(2) YOY% YTD YOY%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
UK retail
sales 244.0 18% 96.8 16% 234.6 16% 575.4 17%
US retail
sales 82.7 66% 41.6 54% 94.4 38% 218.7 51%
EU retail
sales 165.8 49% 83.1 46% 196.6 41% 445.5 45%
ROW retail
sales 113.2 46% 62.0 88% 134.5 54% 309.7 57%
International
retail sales 361.7 52% 186.7 60% 425.5 44% 973.9 50%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
Total retail
sales 605.7 36% 283.5 42% 660.1 32% 1,549.3 36%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
Year ending 31 August 2016(1)
GBPm 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(1)
GBPm 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% 52.0 26% 294.0 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% 112.2 19% 638.3 10% -------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ---- Total retail sales 362.0 8% 170.1 26% 383.8 20% 196.3 23% 1,112.2 17% -------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
(1) Restated to remove the results of the discontinued operation in China
(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 P1(3) YOY% P2(3) YOY% P3(3) YOY% P4(3) YOY% YTD YOY%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
UK retail
sales 244.0 18% 96.8 16% 234.6 16% 575.4 17%
US retail
sales 82.7 42% 41.6 34% 94.4 26% 218.7 33%
EU retail
sales 165.8 38% 83.1 36% 196.6 30% 445.5 34%
ROW retail
sales 113.2 44% 62.0 70% 134.5 41% 309.7 47%
International
retail sales 361.7 41% 186.7 45% 425.5 32% 973.9 38%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
Total retail
sales 605.7 30% 283.5 33% 660.1 26% 1,549.3 29%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
Year ending 31 August 2016(2)
GBPm 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 40% EU retail sales 111.0 40% 56.9 17% 139.5 22% 67.5 30% 374.9 28% ROW retail sales 77.4 15% 33.0 - 87.4 17% 48.0 20% 245.8 14% International retail sales 238.1 29% 117.0 14% 295.2 25% 149.6 29% 799.9 25% -------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ---- Total retail sales 444.3 27% 200.3 19% 498.3 26% 260.8 30% 1,403.7 26% -------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ----
Year ending 31 August 2015(2)
GBPm 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% 52.0 41% 294.0 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% 112.2 28% 638.3 17% -------------- ----- ---- ----- ---- ----- ---- ----- ---- ------- ---- Total retail sales 362.0 11% 170.1 29% 383.8 25% 196.3 29% 1,112.2 21% -------------- ----- ---- ----- ---- ----- ---- ----- ---- ------- ----
(1) From 1 July 2016, constant currency is calculated to take account of hedged rate movements on hedged sales and spot rate movements on unhedged sales
(2) Restated to remove the results of the discontinued operation in China
(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
TSTELLFFDDFXBBV
(END) Dow Jones Newswires
July 13, 2017 02:00 ET (06:00 GMT)
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