ASOS PLC Trading Statement (9595B)
January 13 2015 - 2:00AM
UK Regulatory
TIDMASC
RNS Number : 9595B
ASOS PLC
13 January 2015
13 January 2015
ASOS plc ("the Company")
Global Online Fashion Destination
Trading Statement for the six weeks to 9 January 2015
Six weeks to 9 January 2015 highlights
-- Retail sales +15% (UK +27%, International +5%)
-- Strong operational performance over peak trading period
-- International retail sales 51% of total (56% last year)
-- Retail gross margin down c.200 bps on prior year
-- Zonal pricing roll-out on track
-- Strong balance sheet and cash position
Nick Robertson, CEO, commented:
"Trading over the last six weeks was in line with expectations
at +15%, with growth accelerating over Q1 as anticipated. UK sales
remained strong at +27%. Improved international sales at +5%
indicates an initial encouraging response to our planned price
investments, also reflected in the retail gross margin performance
which is in line with expectations for the period.
Our roll out of zonal pricing continues to be on track. Our
programme of investment in our IT platform and our distribution
capability are also progressing well.
Guidance for the outcome for the year in terms of both sales and
EBIT margin remains unchanged.
The Q2 update covering the three month period to 28 February
2015 will be released on 12 March 2015".
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 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 December 2014
(December 2013: 87 million) and as at 31 December 2014 had 9.1
million active customers(1) (31 December 2013: 7.9 million), of
which 3.7 million were located in the UK and 5.4 million were
located in our international territories (31 December 2013: 3.1
million in the UK and 4.8 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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