REG - ASOS PLC - Q2 Trading Statement <Origin Href="QuoteRef">ASOS.L</Origin>

AsosAnnouncement

12/03/2015 07:01

RNS Number : 2204H
ASOS PLC
12 March 2015
12 March 2015
ASOS plc ("the Company")
Global Online Fashion Destination
Trading Statement for the three months ended 28 February 2015

Three months to 28 February
Six months to 28 February
'000
2015
2014
Increase
CCY^ increase
2015
2014
Increase
CCY^ increase
UK retail sales
126,566
97,670
30%
30%
231,370
182,040
27%
27%
US retail sales
 30,553 
24,725
24%
16%
54,528
46,749
17%
14%
EU retail sales
 77,227 
68,079
13%
21%
136,228
127,626
7%
14%
ROW retail sales
55,754
53,571
4%
10%
114,303
115,904
(1%)
5%
Total International 
retail sales
163,534
146,375
12%
16%
305,059
290,279
5%
10%
Total retail sales
290,100
244,045
19%
22%
536,429
472,319
14%
17%









Total group 
revenue1
298,274
248,989
20%
22%
550,474
481,726
14%
17%
1Includes retail sales, delivery receipts and third party revenues
^ On constant exchange rate basis
Three months to 28 February 2015 highlights 
 Retail sales up 19% (UK retail sales up 30%, International retail sales up 12%)
 International retail sales 56% of total (60% last year)
 Retail gross margin down c.320 bps on prior year
Six months to 28 February 2015 highlights 
 Retail sales up 14% (UK retail sales up 27%, International retail sales up 5%)
 International retail sales 57% of total (61% last year)
 Retail gross margin down c.270 bps on prior year
 9.3 million active customers2 at 28 February 2015, up 13% on prior year
 Strong balance sheet and cash position
2Defined as having shopped in the last 12 months 
Nick Robertson, CEO, commented:
"Retail sales for the three months to 28 February 2015 grew by +19% (+22% on a constant currency basis), with strong growth continuing in the UK at +30%. We have also seen encouraging momentum in our international markets during the quarter at +12% (+16% on a constant currency basis) following the successful roll out of our zonal pricing capability and our planned price investments.
Our investments in our warehouse and IT platforms are on track. We expect profit before tax for the full year to be in line with market expectations." 
Analyst/Investor conference call:
ASOS will be hosting a conference call for analysts and investors at 8:00am (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
Photography:
Latest photography will be available at: http://www.asosplc.com/media/image-gallery/consumer.aspx 
For further information: 
ASOS plc 
Tel: 020 7756 1000
Nick Robertson, Chief Executive 

Nick Beighton, Chief Financial Officer / Chief Operating Officer
Greg Feehely, Head of Investor Relations





Instinctif Partners
Tel: 020 7457 2020
Matthew Smallwood / Justine Warren / Guy Scarborough
 


JPMorgan Cazenove
Tel: 020 7742 4000
Luke Bordewich 



Numis Securities
Tel:020 7260 1000
Alex Ham 

Background note
ASOS is a global fashion destination for 20-somethings. We sell cutting-edge 'fast fashion' and offer a wide variety of fashion-related content, making ASOS.com the hub of a thriving fashion community. We sell over 75,000branded and own-brand products through localised mobile and web experiences, delivering from our fulfilment centres in the UK, US, Europe and China to almost every country in the world.
We tailor the mix of own-label, global and local brands sold through each of our nine local language websites: UK, US, France, Germany, Spain, Italy, Australia, Russia and China.
ASOS's websites attracted 88 million visits during February 2015 (February 2014: 71 million) and as at 28 February 2015 had 9.3 million active customers1 (28 February 2014: 8.2 million), of which 3.7 million were located in the UK and 5.6 million were located in our international territories (28 February 2014: 3.2 million in the UK and 5.0 million internationally).
1 Defined as having shopped in the last 12 months
www.asos.com
www.asos.es
www.us.asos.com
www.asos.com/ru
www.asos.de
www.asos.cn
www.asos.fr
m.asos.com
www.asos.com/au
marketplace.asos.com
www.asos.it
fashionfinder.asos.com
Appendix 1 - Retail sales growth by quarter1 in sterling
Year ending 31 August 2015
'000
Q1
YOY%
Q2
YOY%
Q3
YOY%
Q4
YOY%
2014/15 YTD 
YOY%
UK retail sales
104,804
24%
126,566
30%




231,370
27%
 US retail sales
23,975
9%
 30,553 
24%




54,528
17%
 EU retail sales
59,001
(1%)
 77,227 
13%




136,228
7%
 ROW retail sales
58,549
(6%)
55,754
4%




114,303
(1%)
International retail sales
141,525
(2%)
163,534
12%




305,059
5%
Total retail sales 
 246,329 
8%
290,100
19%




536,429
14%
Year ending 31 August 2014
'000
Q1
YOY%
Q2
YOY%
Q3
YOY%
Q4
YOY%
2013/14 
YOY%
UK retail sales
 84,370 
36%
 97,670 
29%
91,880
43%
98,321
33%
372,241
35%
 US retail sales
 22,024 
16%
 24,725 
50%
24,765
17%
20,797
0%
92,311
19%
 EU retail sales
 59,547 
79%
 68,079 
54%
64,710
37%
64,049
21%
256,385
44%
 ROW retail sales
 62,333 
21%
 53,571 
6%
61,600
1%
56,854
(5%)
234,358
5%
International retail sales
 143,904 
39%
 146,375 
32%
151,075
17%
141,700
6%
583,054
22%
Total retail sales 
 228,274 
38%
 244,045 
31%
 242,955 
25%
 240,021 
15%
 955,295 
27%
Year ending 31 August 2013
'000
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%
1 Quarterly periods are as follows:
Q1: three months to 30 November
Q2: three months to 28 February 
Q3: three months to 31 May
Q4: three months to 31 August
Appendix 2 - Retail sales growth by quarter1 at constant currency
Year ending 31 August 2015
'000
Q1
YOY%
Q2
YOY%
Q3
YOY%
Q4
YOY%
2014/15 YTD 
YOY%
UK retail sales
104,804
24%
126,566
30%




231,370
27%
 US retail sales
23,975
12%
 30,553 
16%




54,528
14%
 EU retail sales
59,001
7%
 77,227 
21%




136,228
14%
 ROW retail sales
58,549
0%
55,754
10%




114,303
5%
International retail sales
141,525
4%
163,534
16%




305,059
10%
Total retail sales 
 246,329 
12%
290,100
22%




536,429
17%
Year ending 31 August 2014
'000
Q1
YOY%
Q2
YOY%
Q3
YOY%
Q4
YOY%
2013/14 
YOY%
UK retail sales
 84,370 
36%
 97,670 
29%
91,880
43%
98,321
33%
372,241
35%
 US retail sales
 22,024 
15%
 24,725 
53%
24,765
28%
20,797
10%
92,311
25%
 EU retail sales
 59,547 
68%
 68,079 
51%
64,710
42%
64,049
29%
256,385
45%
 ROW retail sales
 62,333 
27%
 53,571 
16%
61,600
16%
56,854
3%
234,358
15%
International retail sales
 143,904 
38%
 146,375 
36%
151,075
28%
141,700
14%
583,054
28%
Total retail sales 
 228,274 
37%
 244,045 
33%
 242,955 
33%
 240,021 
21%
 955,295 
30%
Year ending 31 August 2013
'000
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 
54%
21,255
54%
20,872
55%
77,678
55%
 EU retail sales
 33,337 
25%
 44,120 
63%
47,215
52%
53,036
62%
177,708
51%
 ROW retail sales
 51,357 
42%
 50,319 
33%
60,796
36%
59,922
28%
222,394
34%
International retail sales
 103,742 
38%
 110,942 
47%
129,266
44%
133,830
44%
477,780
43%
Total retail sales 
 165,795 
33%
 186,468 
39%
 193,613 
42%
 207,931 
45%
 753,807 
40%
1Quarterly periods are as follows:
Q1: three months to 30 November
Q2: three months to 28 February 
Q3: three months to 31 May
Q4: three months to 31 August

This information is provided by RNS
The company news service from the London Stock Exchange
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