TIDMASC
RNS Number : 8697D
ASOS PLC
12 July 2016
12 July 2016
ASOS plc
Global Online Fashion Destination
Trading Statement for the four months ended 30 June 2016
Four months to 30 Ten months to 30 June
June
CCY(2) CCY(2)
GBPm(1) 2016 2015 Increase increase 2016 2015 Increase increase
--------------- ------ ------ --------- ---------- -------- ------ --------- ----------
UK retail
sales 203.1 158.4 28% 28% 492.6 389.8 26% 26%
US retail
sales 68.3 44.5 53% 45% 145.1 99.0 47% 39%
EU retail
sales 139.5 105.8 32% 22% 307.4 242.1 27% 27%
ROW retail
sales 89.6 77.3 16% 16% 204.0 191.6 6% 13%
International
retail sales 297.4 227.6 31% 25% 656.5 532.7 23% 24%
--------------- ------ ------ --------- ---------- -------- ------ --------- ----------
Total retail
sales 500.5 386.0 30% 26% 1,149.1 922.5 25% 25%
--------------- ------ ------ --------- ---------- -------- ------ --------- ----------
Total group
revenue(3) 514.6 396.7 30% 26% 1,181.9 947.1 25% 25%
--------------- ------ ------ --------- ---------- -------- ------ --------- ----------
(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 30 June 2016 highlights
-- Retail sales up 30% (CCY: +26%)
-- International retail sales 59% of total, in line with last year
-- Retail gross margin down c.180bps on prior year due to sale
phasing and planned price investment
-- 12 million active customers(4) at 30 June 2016 (+24% year on year)
-- Strong balance sheet position
-- ASOS.cn ceased trading on 5 May 2016; operating losses and
closure costs in line with guidance
(4) Defined as having shopped in the last twelve months
Nick Beighton, CEO, commented:
"I am pleased to report strong retail sales growth of 30% (+26%
on constant currency basis) over the four months to 30 June 2016,
underpinned by our continued price and proposition investments. UK
growth remains strong at +28% and we have seen further acceleration
across the US, EU and ROW segments; overall International retail
sales increased by 31% (25% on constant currency basis).
As anticipated, our retail gross margin for the period is down
c.180bps, approximately 40% of which (c.70bps) is due to moving our
main sale forward one week into this financial period, with the
balance as a result of continued price investment.
We now anticipate full year sales growth at the upper end of the
20-25% range. Our retail gross margin guidance of up to 50bps of
investment remains unchanged and we remain confident in delivering
current market PBT expectations for the year.
Given the increased momentum within the business combined with
our strong financial position, we will maintain our successful
programme of reinvestment to take advantage of the opportunities
currently available to us.
We will release our results for the year to 31 August 2016 on 18
October."
Investor and Analyst conference call:
ASOS will be hosting a conference call for analysts and
investors at 8:30am (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
For further information:
ASOS plc Tel: 020 7756
1000
Nick Beighton, Chief Executive
Officer
Helen Ashton, Chief Financial
Officer
Greg Feehely, Director of Investor
Relations
Website: www.asosplc.com/investors
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 85,000 branded and own-brand products through
localised mobile and web experiences, delivering from our
fulfilment centres in the UK, US and Europe to almost every country
in the world.
We tailor the mix of own-label, global and local brands sold
through each of our eight local language websites: UK, US, France,
Germany, Spain, Italy, Australia and Russia.
ASOS's websites attracted 123 million visits during June 2016
(June 2015: 98 million) and as at 30 June 2016 had 12.0 million
active customers(1) (30 June 2015: 9.7 million), of which 4.6
million were located in the UK and 7.4 million were located in our
international territories (30 June 2015: 3.8 million in the UK and
5.9 million internationally).
(1) Defined as having shopped in the last twelve 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
likes.asos.com
Appendix 1 - Retail sales growth by period in sterling
Year ending 31 August 2016
YTD
GBPm(1) P1(2) YOY% P2(2) YOY% P3(2) YOY% 2015/16 YOY%
-------------- ----- ---- ----- ---- ----- ---- --------- ----
UK retail
sales 206.2 25% 83.3 26% 203.1 28% 492.6 26%
US retail
sales 49.7 42% 27.1 38% 68.3 53% 145.1 47%
EU retail
sales 111.0 29% 56.9 14% 139.5 32% 307.4 27%
ROW retail
sales 80.0 2% 34.4 (4%) 89.6 16% 204.0 6%
International
retail sales 240.7 20% 118.4 12% 297.4 31% 656.5 23%
-------------- ----- ---- ----- ---- ----- ---- --------- ----
Total retail
sales 446.9 22% 201.7 18% 500.5 30% 1,149.1 25%
-------------- ----- ---- ----- ---- ----- ---- --------- ----
Year ending 31 August 2015
GBPm(1) P1(2) YOY% P2(2) YOY% P3(2) YOY% P4(2) YOY% 2014/15 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(1) P1(2) YOY% P2(2) YOY% P3(2) YOY% P4(2) 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 - 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) All numbers subject to rounding
(2) 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
Appendix 2 - Retail sales growth by period at constant
currency
Year ending 31 August 2016
YTD
GBPm(1) P1(2) YOY% P2(2) YOY% P3(2) YOY% 2015/16 YOY%
-------------- ----- ---- ----- ---- ----- ---- --------- ----
UK retail
sales 206.2 25% 83.3 26% 203.1 28% 492.6 26%
US retail
sales 49.7 35% 27.1 32% 68.3 45% 145.1 39%
EU retail
sales 111.0 40% 56.9 17% 139.5 22% 307.4 27%
ROW retail
sales 80.0 13% 34.4 1% 89.6 16% 204.0 13%
International
retail sales 240.7 28% 118.4 14% 297.4 25% 656.5 24%
-------------- ----- ---- ----- ---- ----- ---- --------- ----
Total retail
sales 446.9 27% 201.7 19% 500.5 26% 1,149.1 25%
-------------- ----- ---- ----- ---- ----- ---- --------- ----
Year ending 31 August 2015
GBPm(1) P1(2) YOY% P2(2) YOY% P3(2) YOY% P4(2) YOY% 2014/15 YOY%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ----
UK retail
sales 165.5 24% 65.9 36% 158.4 27% 84.1 29% 473.9 27%
US retail
sales 34.9 9% 19.6 25% 44.5 31% 20.5 31% 119.5 22%
EU retail
sales 86.3 6% 49.9 34% 105.8 37% 52.0 41% 294.0 26%
ROW retail
sales 78.5 1% 35.8 13% 77.3 4% 40.9 13% 232.5 6%
International
retail sales 199.7 4% 105.3 25% 227.6 23% 113.4 28% 646.0 17%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ----
Total retail
sales 365.2 12% 171.2 29% 386.0 24% 197.5 28% 1,119.9 21%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ----
Year ending 31 August 2014
GBPm(1) P1(2) YOY% P2(2) YOY% P3(2) YOY% P4(2) 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 45% 31.0 24% 14.5 10% 92.3 25%
EU retail
sales 87.3 60% 40.3 55% 87.4 41% 41.4 24% 256.4 45%
ROW retail
sales 82.4 27% 33.5 15% 78.6 12% 39.9 4% 234.4 15%
International
retail sales 202.0 39% 88.3 34% 197.0 25% 95.8 13% 583.1 28%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ----
Total retail
sales 335.7 38% 136.7 30% 322.1 31% 160.8 18% 955.3 30%
-------------- ----- ---- ----- ---- ----- ---- ----- ---- --------- ----
(1) All numbers subject to rounding
(2) 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTQFLFFQDFZBBZ
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July 12, 2016 02:00 ET (06:00 GMT)
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