Asos PLC

Earnings Release • Jul 7, 2015

National Storage Mechanism | Additional information

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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 results for 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 80,000 branded 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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