TIDMASC

RNS Number : 3656O

ASOS PLC

19 September 2013

19 September 2013

ASOS plc ("the Company")

Global Online Fashion Destination

Trading Statement for the three months ended 31 August 2013

 
                            Three months to 31 August        Year to 31 August 
 GBP'000s                 2012/13    2011/12   Increase  2012/13  2011/12  Increase 
                         ---------  --------  ---------  -------  -------  -------- 
 UK retail sales            74,101    49,854        49%  276,027  205,258       34% 
                         ---------  --------  ---------  -------  -------  -------- 
   US retail sales          20,872    13,097        59%   77,678   49,585       57% 
   EU retail sales          53,036    30,678        73%  177,708  117,748       51% 
   ROW retail sales         59,922    47,413        26%  222,394  165,296       35% 
                         ---------  --------  ---------  -------  -------  -------- 
 Total International 
  retail sales             133,830    91,188        47%  477,870  332,629       44% 
                         ---------  --------  ---------  -------  -------  -------- 
 Total retail sales        207,931   141,042        47%  753,807  537,887       40% 
                         ---------  --------  ---------  -------  -------  -------- 
 
 Total group revenues*     212,466   145,168        46%  769,394  552,854       39% 
                         ---------  --------             -------  -------  -------- 
 

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

Q4 Highlights

   --    Retail sales +47% year on year (UK +49%, International +47%) 
   --    International retail sales 64% of total (65% last year) 
   --    Retail gross margin up c.460bps on prior year 
   --    7.1 million active customers* at 31 August 2013 (+42% year on year) 

FY Highlights

   --      Retail sales +40% year on year (UK +34%, International +44%) 
   --      International retail sales mix 63% of total (62% last year) 
   --      Retail gross margin up c.100bps on prior year 
   --      Strong balance sheet and cash position 

*Defined as having shopped in the last 12 months

Nick Robertson, CEO, commented:

"I am pleased to report a strong finish to the financial year with retail sales growth for the fourth quarter up 47% to GBP208 million, and up 40% to GBP754 million for the full year to 31 August 2013.

Retail sales growth during Q4 was strong in both the UK at +49% and Internationally at +47%. International growth continues to be driven by the countries in which we have dedicated websites and in-country teams, and was particularly strong in Europe, driven by France, Germany, Italy and Spain. We also saw strong growth in the US and in Russia, following the launch of our Russian website. International equated to 64% of our total retail sales over the period compared with 65% last year, reflecting the strength of our core UK business during the quarter.

We have now annualised last year's price investments and retail gross margin for the quarter grew by c.460bps year on year. This strong gross margin position has allowed us to continue to invest in the overall customer offer, attracting more active customers which now stand at 7.1 million.

We expect profit before tax for the year ended 31 August 2013 to be marginally above expectations."

Analyst/Investor conference call:

ASOS will be hosting a conference call for analysts and investors at 8:30am (UK Time) today. Please call Jamie Ramsay at College Hill for dial-in details on 020 7457 2047 or email jamie.ramsay@collegehill.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, 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 selling over 65,000 branded and own-label products to fashion forward twenty-somethings through our website, asos.com. We ship, for free, to 237 countries from our 1.1 million square foot global distribution centre in the UK.

We tailor the mix of own label, global and local brands sold through each of our eight local language websites: UK, USA, France, Germany, Spain, Italy, Australia and Russia.

ASOS's websites attract 21.3 million unique visitors a month (31 August 2012: 18.8 million) and as at 31 August 2013 had 13.2 million registered users (31 August 2012: 9.2 million) and 7.1 million active customers* (31 August 2012: 5.0 million).

*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

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%    2012/13  YOY% 
                    -------        -------        -------        -------        --------- 
UK retail sales      62,053   24%   75,526   28%   64,347   39%   74,101   49%    276,027   34% 
  US retail sales    19,048   57%   16,503   50%   21,255   59%   20,872   59%     77,678   57% 
  EU retail sales    33,337   15%   44,120   58%   47,215   56%   53,036   73%    177,708   51% 
  ROW retail 
   sales             51,357   42%   50,319   33%   60,796   38%   59,922   26%    222,394   35% 
International 
 retail sales       103,742   34%  110,942   45%  129,266   48%  133,830   47%    477,780   44% 
                    -------  ----  -------  ----  -------  ----  -------  ----  ---------  ---- 
Total retail 
 sales              165,795   30%  186,468   37%  193,613   45%  207,931   47%    753,807   40% 
                    -------  ----  -------  ----  -------  ----  -------  ----  ---------  ---- 
 

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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