TIDMASC
RNS Number : 8097L
ASOS PLC
14 January 2016
14 January 2016
ASOS plc ("the Company")
Global Online Fashion Destination
Trading Statement for the four months ended 31 December 2015
Four months to 31 December
CCY(2)
GBPm(1) 2015 2014 Increase Increase
--------------- ------ ------ --------- ----------
UK retail
sales 206.2 165.5 25% 25%
US retail
sales 49.7 34.9 42% 35%
EU retail
sales 111.0 86.3 29% 40%
ROW retail
sales 80.0 78.5 2% 13%
International
retail sales 240.7 199.7 20% 28%
--------------- ------ ------ --------- ----------
Total retail
sales 446.9 365.2 22% 27%
--------------- ------ ------ --------- ----------
Total group
revenue(3) 459.7 374.7 23% 27%
--------------- ------ ------ --------- ----------
(1) All numbers subject to rounding
(2) On constant exchange rate basis
(3) Includes retail sales, delivery receipts and third party
revenues
Four months to 31 December 2015 highlights
-- Retail sales up 22% (UK retail sales +25%, International retail sales +20%)
-- International retail sales 54% of total (55% last year)
-- Retail gross margin down c.40bps
-- 10.7 million active customers(4) at 31 December 2015 (+18% year on year)
-- Strong balance sheet and cash position
(4) Defined as having shopped in the last 12 months
Nick Beighton, CEO, commented:
"We have traded well through peak and are continuing to invest
in the future growth of the business. We are on track with our
plans for the year as a whole.
Retail sales for the four months to 31 December 2015 grew by 22%
(+27% on a constant currency basis) in line with expectations. We
had record sales over cyber weekend in late November and have seen
further growth in average order frequency, average basket value and
number of orders, alongside an acceleration in active customer
growth to +18%.
UK growth remained strong at +25% and our improved international
sales growth of 20% (+28% on a constant currency basis) was
underpinned by our continued price investments, further deployment
of our zonal pricing tool and continued strong full price sales
mix. As a result the retail gross margin declined by a net
40bps.
We are progressing well with our warehouse and technology
investments and in December construction began on our EuroHub 2
facility."
Analyst/Investor conference call:
ASOS will be hosting a conference call for analysts and
investors at 7:45am (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 Beighton, Chief Executive
Helen Ashton, Chief Financial
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
Michael Wentworth-Stanley / Caroline
Thomlinson
Numis Securities Tel: 020 7260
1000
Alex Ham / Luke Bordewich
Background note
ASOS is a global fashion destination for 20-somethings. We sell
cutting-edge 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 attract 114 million visits per month (December
2014: 98 million) and as at 31 December 2015 had 10.7 million
active customers(1) (31 December 2014: 9.1 million), of which 4.2
million were located in the UK and 6.5 million were located in our
international territories (31 December 2014: 3.7 million in the UK
and 5.4 million internationally).
(1) Defined as having shopped in the last 12 months
www.asos.com
www.us.asos.com
www.asos.fr
www.asos.de
www.asos.es
www.asos.it
www.asos.com/au
www.asos.com/ru
www.asos.com/cn
m.asos.com
marketplace.asos.com
www.likes.asos.com
Appendix 1 - Retail sales growth by period(1) in sterling
Year ending 31 August 2016
GBPm(2) P1(1) YOY% P2(1) YOY% P3(1) YOY% P4(1) YOY% 2015/16 YOY%
YTD
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
UK retail
sales 206.2 25% 206.2 25%
US retail
sales 49.7 42% 49.7 42%
EU retail
sales 111.0 29% 111.0 29%
ROW retail
sales 80.0 2% 80.0 2%
International
retail sales 240.7 20% 240.7 20%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
Total retail
sales 446.9 22% 446.9 22%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
Year ending 31 August 2015
GBPm(2) P1(1) YOY% P2(1) YOY% P3(1) P4(1) YOY%
2014/15
YOY%
YOY%
-------------- ----- ---- ----- ---- ----- ----- ----- ----- --------- ----
UK retail
sales 165.5 24% 65.9 36% 158.4 27% 84.1 29% 473.9 27%
US retail
sales 34.9 8% 19.6 35% 44.5 43% 20.5 41% 119.5 29%
EU retail
sales 86.3 (1%) 49.9 24% 105.8 21% 52.0 26% 294.0 15%
ROW retail
sales 78.5 (5%) 35.8 7% 77.3 (2%) 40.9 3% 232.5 (1%)
International
retail sales 199.7 (1%) 105.3 19% 227.6 16% 113.4 18% 646.0 11%
-------------- ----- ---- ----- ---- ----- ----- ----- ----- --------- ----
Total retail
sales 365.2 9% 171.2 25% 386.0 20% 197.5 23% 1,119.9 17%
-------------- ----- ---- ----- ---- ----- ----- ----- ----- --------- ----
Year ending 31 August 2014
GBPm(2) P1(1) YOY% P2(1) YOY% P3(1) YOY% P4(1) YOY% 2013/14 YOY%
-------------- ------ ---- ----- ---- ----- ---- ------ ---- ------- ----
UK retail
sales 133.7 37% 48.4 21% 125.1 44% 65.0 27% 372.2 35%
US retail
sales 32.3 28% 14.5 41% 31.0 13% 14.5 0% 92.3 19%
EU retail
sales 87.3 69% 40.3 57% 87.4 36% 41.4 16% 256.4 44%
ROW retail
sales 82.4 19% 33.5 3% 78.6 (1%) 39.9 (4%) 234.4 5%
International
retail sales 202.0 38% 88.3 29% 197.0 15% 95.8 4% 583.1 22%
-------------- ------ ---- ----- ---- ----- ---- ------ ---- ------- ----
Total retail
sales 335.7 38% 136.7 26% 322.1 25% 160.8 12% 955.3 27%
-------------- ------ ---- ----- ---- ----- ---- ------ ---- ------- ----
(1) Periods are as follows:
P1: four months to 31 December
P2: two months to 28/29 February
P3: four months to 30 June
P4: two months to 31 August
(2) All numbers subject to rounding
Appendix 2 - Retail sales growth by period(1) at constant
currency
Year ending 31 August 2016
GBPm(2) P1(1) YOY% P2(1) YOY% P3(1) YOY% P4(1) YOY% 2015/16 YOY%
YTD
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
UK retail
sales 206.2 25% 206.2 25%
US retail
sales 49.7 35% 49.7 35%
EU retail
sales 111.0 40% 111.0 40%
ROW retail
sales 80.0 13% 80.0 13%
International
retail sales 240.7 28% 240.7 28%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
Total retail
sales 446.9 27% 446.9 27%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- -------- ----
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