TIDMASC

RNS Number : 3606K

ASOS PLC

14 July 2011

ASOS plc

Global Online Fashion Store

Trading Statement for the 3 months ended 30 June 2011

 
                                  Q1        Q1 
 GBP'000s                    2011/12   2010/11   Increase 
--------------------------  --------  --------  --------- 
 Retail sales                104,217    61,712        69% 
    - UK sales                44,617    38,758        15% 
    - Total International 
     sales                    59,600    22,954       160% 
            - US sales         7,061     2,812       151% 
            - EU sales        25,487    14,176        80% 
            - ROW sales       27,052     5,966       353% 
--------------------------  --------  --------  --------- 
 Group revenues*             107,279    65,807        63% 
--------------------------  --------  --------  --------- 
 

*Includes retail sales, postage and packaging (P&P) income and 3(rd) party revenues

Q1 Highlights

-- Strong retail sales + 69% year on year

-- UK retail sales + 15% / International retail sales + 160%

-- International retail sales mix 57%

-- Retail gross margin in line with guidance

-- Warehouse transition completed on budget and ahead of schedule

Nick Robertson, CEO, commented:

"I am pleased to report a strong first quarter performance with retail sales up 69% to GBP104m.

"Our UK performance was good +15% and our International performance was very strong +160%.

"International sales now represent 57% of the total up from 51% in the last quarter.

"Importantly the transition to our new single warehouse facility in Barnsley was completed during the period, on budget and ahead of schedule.

"The new financial year has started well and we remain positive in our outlook for 2012, with progress to date in line with expectations."

14 July 2011

For further information:

 
 ASOS plc                                     Tel: 020 7756 1017 
 Nick Robertson, Chief Executive 
 Nick Beighton, Finance Director 
 
 
 College Hill                                 Tel: 020 7457 2020 
 Matthew Smallwood / Justine Warren / Jamie 
  Ramsay 
 
 JPMorgan Cazenove                            Tel: 020 7588 2828 
 Luke Bordewich / Gina Gibson 
 
 Numis Securities                             Tel: 020 7260 1000 
 Alex Ham 
 

Background note

ASOS is a global online fashion and beauty retailer and offers over 50,000 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty with approximately 1,500 new product lines being introduced each week.

Aimed at fashion forward 16-34 year olds globally, ASOS attracts 13 million unique visitors a month and as at 30 June 2011 had 5.8 million registered users and 3.5 million active customers from 160 countries (defined as having shopped in the last 12 months).

www.asos.com

www.us.asos.com

www.asos.de

www.asos.fr

m.asos.com

marketplace.asos.com

fashionfinder.asos.com

Appendix

Split of Retail Sales by Quarter for the Year to Date 2011/2012

 
GBP'000s               Q1  YOY%  Q2  YOY%  Q3  YOY%  Q4  YOY%  2011/12  YOY% 
----------------  -------  ----      ----      ----      ----  -------  ---- 
UK sales           44,617   15%                                 44,617   15% 
International 
 sales             59,600  160%                                 59,600  160% 
    - US sales      7,061  151%                                  7,061  151% 
    - EU sales     25,487   80%                                 25,487   80% 
    - ROW sales    27,052  353%                                 27,052  353% 
----------------  -------  ----      ----      ----      ----  -------  ---- 
Total retail 
 sales            104,217   69%                                104,217   69% 
----------------  -------  ----      ----      ----      ----  -------  ---- 
 

Split of Retail Sales by Quarter for the Year to Date 2010/2011

 
GBP'000s            Q1  YOY%      Q2  YOY%       Q3  YOY%      Q4  YOY%  2010/11  YOY% 
--------------  ------  ----  ------  ----  -------  ----  ------  ----  -------  ---- 
UK sales        38,758   32%  43,680   21%   56,320   23%  45,314   25%  184,072   25% 
International 
 sales          22,954  111%  26,017  128%   43,719  156%  47,338  155%  140,028  142% 
    - US sales   2,812  199%   3,752  293%    5,297  267%   6,781  209%   18,642  235% 
    - EU sales  14,176   70%  13,880   71%   24,460  102%  20,869   73%   73,385   86% 
    - ROW 
     sales       5,966  266%   8,385  259%   13,962  300%  19,688  359%   48,001  275% 
--------------  ------  ----  ------  ----  -------  ----  ------  ----  -------  ---- 
Total retail 
 sales          61,712   54%  69,697   47%  100,039   59%  92,652   69%  324,100   58% 
--------------  ------  ----  ------  ----  -------  ----  ------  ----  -------  ---- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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