Trading Statement

Released : 12/06/2013

RNS Number : 8225G
ASOS PLC
12 June 2013
 



12 June 2013

 

ASOS plc ("the Company")

Global Online Fashion Destination

Trading Statement for the 3 months ended 31 May 2013

 


Q3

Q3


£'000s

2012/13

2011/12

Increase

UK retail sales

64,347

46,437

39%

   US retail sales

21,255

13,351

59%

   EU retail sales

47,215

30,224

56%

   ROW retail sales

60,796

43,912

38%

Total International retail sales

129,266

87,487

48%

Total retail sales

193,613

133,924

45%





Total group revenues*

197,199

137,760

43%

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

 

Q3 Highlights

·      Retail sales +45% year on year (UK +39%, International +48%)

·      International sales 67% of total (65% last year)

·      Retail gross margin up c.10bps on prior year

·      Dedicated Russian website launched

·      6.5 million active customers* at 31 May 2013 (+38% year on year)

 

*Defined as having shopped in the last 12 months

 

Nick Robertson, CEO, commented:

"I am pleased to report another strong trading period for the three months to 31 May 2013 with total retail sales up 45% to £194m.

Our UK sales grew by +39% as our customers continued to respond well to our price investments. Our International business accelerated to +48% and now accounts for 67% of our total retail sales. We continue to see stronger growth in those countries where we have dedicated websites and in-country teams, notably in the US, France, Germany and Australia. Our dedicated Russian website launched on 1 May 2013.

Retail gross margin grew by 10bps over the quarter as we annualised last year's price investments. We anticipate a further increase in the fourth quarter which should result in a small improvement for the year as a whole.

We remain positive in our outlook for the year to 31 August 2013 and expect our full year results to be 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 selling over 60,000 branded and own-label products to fashion forward twenty-somethings through our website, asos.com. We ship, for free, to 241 countries and territories 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 23.2 million unique visitors a month (31 May 2012: 17.4 million) and as at 31 May 2013 had 12.1 million registered users (31 May 2012: 8.5 million) and 6.5 million active customers* (31 May 2012: 4.7 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

£'000s

Q1

YOY%

Q2

YOY%

Q3

YOY%

Q4

YOY%

YTD 2012/13

YOY%

UK retail sales

62,053

24%

75,526

28%

64,347

39%



201,926

30%

   US retail sales

19,048

57%

16,503

50%

21,255

59%



56,806

56%

   EU retail sales

33,337

15%

44,120

58%

47,215

56%



124,672

43%

   ROW retail sales

51,357

42%

50,319

33%

60,796

38%



162,472

38%

International retail sales

103,742

34%

110,942

45%

129,266

48%



343,950

42%

Total retail sales

165,795

30%

186,468

37%

193,613

45%



545,876

38%

 

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

£'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

£'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
 
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