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

AsosAnnouncement

16/07/2015 14:17

RNS Number : 3118S
ASOS PLC
07 July 2015
7 July 2015
ASOS plc ("the Company")
Global Online Fashion Destination
Trading Statement for the four months ended 30 June 2015

Four months to 30 June
Ten months to 30 June
'000
2015
2014
Increase
CCY1 increase
2015
2014
Increase
CCY1 increase
UK retail sales
158,386
125,070
27%
27%
389,756
307,110
27%
27%
US retail sales
44,461
31,012
43%
31%
98,989
77,761
27%
21%
EU retail sales
105,844
87,406
21%
37%
242,072
215,032
13%
23%
ROW retail sales
77,333
78,564
(2%)
4%
191,636
194,468
(1%)
5%
International retail sales
227,638
196,982
16%
23%
532,697
487,261
9%
15%
Total retail sales
386,024
322,052
20%
24%
922,453
794,371
16%
20%









Total group revenue2
396,671
329,007
21%
24%
947,145
810,733
17%
20%
1On constant exchange rate basis
2Includes retail sales, delivery receipts and third party revenues
Four months to 30 June 2015 highlights 
 Retail sales up 20% (UK retail sales +27%, International retail sales +16%)
 International retail sales 59% of total (61% last year)
 Retail gross margin up c.280bps on prior year
 9.7 million active customers3 at 30 June 2015 (+11% year on year)
 Strong balance sheet and cash position
3Defined as having shopped in the last 12 months
Nick Robertson, CEO, commented:
"Retail sales for the four months to 30 June 2015 grew by 20% (+24% on a constant currency basis). UK growth remained strong at +27%. Our continued international price investments underpinned our international sales growth of 16% (+23% on a constant currency basis), despite a number of currencies weakening against Sterling.
After accounting for our price investments during the period, the full year gross margin is nonetheless expected to remain in line with last year, assisted by tighter inventory control and strong full price sales. We anticipate that sales for the full year will be at the higher end of our guided 15-20% growth range. We have increased investment in our people and our customer proposition, particularly in relation to free returns trials. We therefore expect EBIT margin to remain at the guided level of c.4%.
We will update our progress with respect to these initiatives when we announce our resultsfor the year ending 31 August 2015 on the 20 October." 
Analyst/Investor conference call:
ASOS will be hosting a conference call for analysts and investors at 8:45am (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-library.aspx
For further information: 
ASOS plc 
Tel: 020 7756 1000
Nick Robertson, Chief Executive 

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





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


JPMorgan Cazenove
Tel: 020 7742 4000
Caroline Thomlinson 



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 80,000branded 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 98 million visits during June 2015 (June 2014: 71 million) and as at 30 June 2015 had 9.7 million active customers1 (30 June 2014: 8.7 million), of which 3.8 million were located in the UK and 5.9 million were located in our international territories (30 June 2014: 3.4 million in the UK and 5.3 million internationally).
1Defined 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
www.asos.cn
m.asos.com
marketplace.asos.com
Appendix 1 - Retail sales growth by period1 in sterling
Year ending 31 August 2015
'000
P11
YOY%
P21
YOY%
P31
YOY%
P41
YOY%
2014/15 YTD 
YOY%
UK retail sales
165,509
24%
65,861
36%
158,386
27%


389,756
27%
 US retail sales
34,932
8%
19,596
35%
44,461
43%


98,989
27%
 EU retail sales
86,339
(1%)
49,889
24%
105,844
21%


242,072
13%
 ROW retail sales
78,456
(5%)
35,847
7%
77,333
(2%)


191,636
(1%)
International retail sales
199,727
(1%)
105,332
19%
227,638
16%


532,697
9%
Total retail sales 
365,236 
9%
171,193
25%
386,024
20%


922,453
16%
Year ending 31 August 2014
'000
P11
YOY%
P21
YOY%
P31
YOY%
P41
YOY%
2013/14 
YOY%
UK retail sales
133,667
37%
48,373
21%
125,070
44%
65,131
27%
372,241
35%
 US retail sales
32,253
28%
14,496
41%
31,012
13%
14,550
0%
92,311
19%
 EU retail sales
87,295
69%
40,331
57%
87,406
36%
41,353
16%
256,385
44%
 ROW retail sales
82,450
19%
33,454
3%
78,564
(1%)
39,890
(4%)
234,358
5%
International retail sales
 201,998 
38%
 88,281 
29%
196,982
15%
95,793
4%
583,054
22%
Total retail sales 
335,665 
38%
136,654 
26%
322,052 
25%
160,924 
12%
 955,295 
27%
Year ending 31 August 2013
'000
P11
YOY%
P21
YOY%
P31
YOY%
P41
YOY%
2012/13 
YOY%
UK retail sales
97,713
28%
39,866
23%
87,091
38%
51,357
55%
276,027
34%
 US retail sales
25,280
56%
10,271
48%
27,549
58%
14,578
61%
77,678
57%
 EU retail sales
51,780
29%
25,677
53%
64,457
54%
35,794
89%
177,708
51%
 ROW retail sales
69,083
39%
32,593
34%
79,285
36%
41,433
26%
222,394
35%
International retail sales
 146,143 
38%
68,541 
43%
171,291
45%
91,805
51%
477,780
44%
Total retail sales 
243,856 
34%
108,407 
35%
258,382 
43%
143,162 
52%
 753,807 
40%
1 Periods are as follows: 
P1: four months to 31 December
P2: two months to 28 February 
P3: four months to 30 June
P4: two months to 31 August
Appendix 2 - Retail sales growth by period1 at constant currency
Year ending 31 August 2015
'000
P11
YOY%
P21
YOY%
P31
YOY%
P41
YOY%
2014/15 YTD 
YOY%
UK retail sales
165,509
24%
65,861
36%
158,386
27%


389,756
27%
 US retail sales
34,932
9%
19,596
25%
44,461
31%


98,989
21%
 EU retail sales
86,339
6%
49,889
34%
105,844
37%


242,072
23%
 ROW retail sales
78,456
1%
35,847
13%
77,333
4%


191,636
5%
International retail sales
199,727
4%
105,332
25%
227,638
23%


532,697
15%
Total retail sales 
365,236 
12%
171,193
29%
386,024
24%


922,453
20%
Year ending 31 August 2014
'000
P11
YOY%
P21
YOY%
P31
YOY%
P41
YOY%
2013/14 
YOY%
UK retail sales
133,667
37%
48,373
21%
125,070
44%
65,131
27%
372,241
35%
 US retail sales
32,253
28%
14,496
45%
31,012
24%
14,550
10%
92,311
25%
 EU retail sales
87,295
60%
40,331
55%
87,406
41%
41,353
24%
256,385
45%
 ROW retail sales
82,450
27%
33,454
15%
78,564
12%
39,890
4%
234,358
15%
International retail sales
 201,998 
39%
 88,281 
34%
196,982
25%
95,793
13%
583,054
28%
Total retail sales 
335,665 
38%
136,654 
30%
322,052 
31%
160,924 
18%
 955,295 
30%
Year ending 31 August 2013
'000
P11
YOY%
P21
YOY%
P31
YOY%
P41
YOY%
2012/13 
YOY%
UK retail sales
97,713
28%
39,866
23%
87,091
38%
51,357
55%
276,027
34%
 US retail sales
25,280
56%
10,271
52%
27,549
52%
14,578
59%
77,678
55%
 EU retail sales
51,780
40%
25,677
58%
64,457
48%
35,794
77%
177,708
51%
 ROW retail sales
69,083
39%
32,593
34%
79,285
34%
41,433
30%
222,394
34%
International retail sales
 146,143 
42%
 68,541 
45%
171,291
42%
91,805
49%
477,780
43%
Total retail sales 
243,856 
36%
108,407 
36%
258,382 
40%
143,162 
51%
 753,807 
40%
1 Periods are as follows: 
P1: four months to 31 December
P2: two months to 28 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
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