TIDMASC

RNS Number : 3914A

ASOS PLC

20 March 2013

20 March 2013

ASOS plc ("the Company")

Global Online Fashion Store

Trading Statement for the 3 months ended 28 February 2013

 
                                       Q2       Q2                  H1       H1 
 GBP'000s                            2012/13  2011/12   Increase  2012/13  2011/12  Increase 
----------------------------------  --------  -------  ---------  -------  -------  -------- 
 UK retail sales                      75,526   59,025        28%  137,579  108,967       26% 
----------------------------------  --------  -------  ---------  -------  -------  -------- 
   US retail sales                    16,503   10,993        50%   35,551   23,137       54% 
   EU retail sales                    44,120   27,935        58%   77,457   56,846       36% 
   ROW retail sales                   50,319   37,848        33%  101,676   73,971       37% 
----------------------------------  --------  -------  ---------  -------  -------  -------- 
 Total International retail sales    110,942   76,776        45%  214,684  153,954       39% 
----------------------------------  --------  -------  ---------  -------  -------  -------- 
 Total retail sales                  186,468  135,801        37%  352,263  262,921       34% 
----------------------------------  --------  -------  ---------  -------  -------  -------- 
 
 Total group revenues*               190,300  139,234        37%  359,731  269,926       33% 
----------------------------------  --------  -------  ---------  -------  -------  -------- 
 

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

Q2 Highlights

   --      Retail sales +37% year on year (UK +28%, International +45%) 
   --      International sales 59% of total (57% last year) 
   --      Retail gross margin down c.50bps on prior year (+350bps in Q2 2011/12) 
   --      6 million active customers* at 28 February 2013 (+40% year on year) 

*Defined as having shopped in the last 12 months

H1 Highlights

   --      Retail sales +34% year on year (UK +26%, International +39%) 
   --      International sales mix 61% of total (59% last year) 
   --      Retail gross margin down c.60bps on prior year (+400bps in H1 2011/12) 

Nick Robertson, CEO, commented:

"I am delighted with our robust first half performance and pleased to report strong trading for the three months to 28 February 2013 with total retail sales of GBP186m, up 37%, resulting in first half retail sales growth of +34% to GBP352m.

Our UK performance remained ahead of expectations at +28%, with particularly strong trading during the peak December period. Our International business grew by +45% and now accounts for 59% of our total retail sales. Our EU growth continues to be driven by strong performance in those countries where we have dedicated websites and particularly by our new in-country teams in France and Germany.

The strength of our UK performance continues to put pressure on our achieved retail gross margin. We expect this to improve during the remainder of the financial year as we annualise last year's price investments and achieve planned sourcing gains.

We remain positive in our outlook for the year to 31 August 2013 and continue to trade in line with expectations."

For further information:

 
 
   ASOS plc                                     Tel: 020 7756 1000 
 Nick Robertson, Chief Executive 
 Nick Beighton, Finance Director 
  Greg Feehely, Head of Investor Relations 
 
 
 
   College Hill                                 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 online fashion and beauty retailer and offers over 60,000 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 twenty-somethings globally, ASOS attracts 19.8 million unique visitors a month (29 February 2012 15.6 million) and as at 28 February 2013 the Group had 11.1 million registered users (29 February 2012: 7.8 million) and 6.0 million active customers* (29 February 2012: 4.3 million) from over 230 countries and territories.

*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

m.asos.com

marketplace.asos.com

fashionfinder.asos.com

Appendix 1

Pro forma split of retail sales by quarter for the year ending 31 August 2013

 
GBP'000s                 Q1  YOY%       Q2  YOY%  Q3  YOY%  Q4  YOY%  YTD 2012/13  YOY% 
------------------  -------  ----  -------  ----      ----      ----  -----------  ---- 
UK retail sales      62,053   24%   75,526   28%                          137,579   26% 
  US retail sales    19,048   57%   16,503   50%                           35,551   54% 
  EU retail sales    33,337   15%   44,120   58%                           77,457   36% 
  ROW retail 
   sales             51,357   42%   50,319   33%                          101,676   37% 
International 
 retail sales       103,742   34%  110,942   45%                          214,684   39% 
------------------  -------  ----  -------  ----      ----      ----  -----------  ---- 
Total retail 
 sales              165,795   30%  186,468   37%                          352,263   34% 
------------------  -------  ----  -------  ----      ----      ----  -----------  ---- 
 

Pro forma split of retail sales by quarter for the year ending 31 August 2012

 
GBP'000s                 Q1  YOY%       Q2  YOY%       Q3  YOY%       Q4  YOY%  2011/12  YOY% 
------------------  -------  ----  -------  ----  -------  ----  -------  ----  -------  ---- 
UK retail sales      49,942    5%   59,025   12%   46,437    8%   49,854   15%  205,258   10% 
  US retail sales    12,144  190%   10,993   73%   13,351   78%   13,097   65%   49,585   91% 
  EU retail sales    28,911   55%   27,935   18%   30,224   27%   30,678   22%  117,748   29% 
  ROW retail 
   sales             36,123  233%   37,848  113%   43,912   71%   47,413   53%  165,296   94% 
International 
 retail sales        77,178  129%   76,776   61%   87,487   54%   91,188   42%  332,629   64% 
------------------  -------  ----  -------  ----  -------  ----  -------  ----  -------  ---- 
Total retail 
 sales              127,120   57%  135,801   35%  133,924   34%  141,042   31%  537,887   38% 
------------------  -------  ----  -------  ----  -------  ----  -------  ----  -------  ---- 
 

Pro forma split of retail sales by quarter for the year ending 31 August 2011

 
 
GBP'000s                Q1  YOY%       Q2  YOY%      Q3  YOY%       Q4  YOY%    2010/11  YOY% 
------------------  ------  ----  -------  ----  ------  ----  -------  ----  ---------  ---- 
UK retail sales     47,383   23%   52,857   20%  43,087   20%   43,421    1%    186,748   16% 
  US retail sales    4,186  254%    6,365  227%   7,480  176%    7,919  144%     25,950  186% 
  EU retail sales   18,647   79%   23,576  105%  23,714   68%   25,110   77%     91,047   81% 
  ROW retail 
   sales            10,847  241%   17,778  265%  25,703  363%   31,021  295%     85,349  298% 
International 
 retail sales       33,680  128%   47,719  161%  56,897  154%   64,050  153%    202,346  151% 
------------------  ------  ----  -------  ----  ------  ----  -------  ----  ---------  ---- 
Total retail 
 sales              81,063   53%  100,576   62%  99,984   71%  107,471   58%    389,094   61% 
------------------  ------  ----  -------  ----  ------  ----  -------  ----  ---------  ---- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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