TIDMASC
RNS Number : 1755Z
ASOS PLC
09 December 2014
9 December 2014
ASOS plc ("the Company")
Global Online Fashion Destination
Trading Statement for the three months ended 30 November
2014
Three months to 30 November
GBP'000 2014 2013 Increase CCY^
increase
---------------------------------- ------- --------- -------- ---------
UK retail sales 104,804 84,370 24% 24%
---------------------------------- ------- --------- -------- ---------
US retail sales 23,975 22,024 9% 12%
EU retail sales 59,001 59,547 (1%) 7%
ROW retail sales 58,549 62,333 (6%) 0%
---------------------------------- ------- --------- -------- ---------
Total International retail sales 141,525 143,904 (2%) 4%
---------------------------------- ------- --------- -------- ---------
Total retail sales 246,329 228,274 8% 12%
---------------------------------- ------- --------- -------- ---------
Total group revenues* 252,200 232,737 8% 12%
---------------------------------- ------- --------- -------- ---------
*Includes retail sales, delivery receipts and third party
revenues.
^On constant exchange rate basis
Three months to 30 November 2014 highlights
-- Retail sales +8% (UK +24%, International -2%)
-- International retail sales 57% of total (63% last year)
-- Retail gross margin down c.170 bps on prior year
-- Mechanised pick solution at Barnsley now live
-- Zonal live in UK, Australia and France
-- Business interruption claim completed; further reimbursements received of GBP6.3m
-- Strong balance sheet and cash position
Nick Robertson, CEO, commented:
"Total retail sales for the quarter grew by 8% (12% on a
constant currency basis). September and October were challenging as
we completed the automation programme in Barnsley in time for peak.
Our sales have since gathered momentum and we had our biggest ever
trading week over cyber weekend in November.
Our strong UK performance continued at +24%, however
international retail sales declined by 2% (growth of 4% at constant
currency). International trading conditions remain challenging.
We have commenced investment into our international pricing and
have started to roll out our zonal pricing capability, which
combined will help us to address our international performance. We
continue to focus on our major investment programmes, upgrading our
IT platform and investing in our logistics capability.
During the quarter, we received GBP6.3 million of insurance
proceeds related to the fire at Barnsley in June, which we are
deploying to accelerate our investment in international pricing.
After taking this into account, we expect full year profits to be
in line with expectations".
Analyst/Investor 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
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, 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 90 million visits during November 2014
(November 2013: 81 million) and as at 30 November 2014 had 9.0
million active customers(1) (30 November 2013: 7.6 million), of
which 3.6 million were located in the UK and 5.4 million were
located in our international territories (30 November 2013: 3.0
million in the UK and 4.6 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
Appendix 1 - Retail sales growth by quarter(1) in sterling
Year ending 31 August 2015
2014/15
GBP'000 Q1 YOY% Q2 YOY% Q3 YOY% Q4 YOY% YTD YOY%
------------------ -------- ---- ---- ---- ---- --------- ----
UK retail sales 104,804 24% 104,804 24%
US retail sales 23,975 9% 23,975 9%
EU retail sales 59,001 (1%) 59,001 (1%)
ROW retail
sales 58,549 (6%) 58,549 (6%)
International
retail sales 141,525 (2%) 141,525 (2%)
------------------ -------- ---- ---- ---- ---- --------- ----
Total retail
sales 246,329 8% 246,329 8%
------------------ -------- ---- ---- ---- ---- --------- ----
Year ending 31 August 2014
GBP'000 Q1 YOY% Q2 YOY% Q3 YOY% Q4 YOY% 2013/14 YOY%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- --------- ----
UK retail sales 84,370 36% 97,670 29% 91,880 43% 98,321 33% 372,241 35%
US retail sales 22,024 16% 24,725 50% 24,765 17% 20,797 0% 92,311 19%
EU retail sales 59,547 79% 68,079 54% 64,710 37% 64,049 21% 256,385 44%
ROW retail
sales 62,333 21% 53,571 6% 61,600 1% 56,854 (5%) 234,358 5%
International
retail sales 143,904 39% 146,375 32% 151,075 17% 141,700 6% 583,054 22%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- --------- ----
Total retail
sales 228,274 38% 244,045 31% 242,955 25% 240,021 15% 955,295 27%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- --------- ----
Year ending 31 August 2013
GBP'000 Q1 YOY% Q2 YOY% Q3 YOY% Q4 YOY% 2012/13 YOY%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- -------- ----
UK retail sales 62,053 24% 75,526 28% 64,347 39% 74,101 49% 276,027 34%
US retail sales 19,048 57% 16,503 50% 21,255 59% 20,872 59% 77,678 57%
EU retail sales 33,337 15% 44,120 58% 47,215 56% 53,036 73% 177,708 51%
ROW retail
sales 51,357 42% 50,319 33% 60,796 38% 59,922 26% 222,394 35%
International
retail sales 103,742 34% 110,942 45% 129,266 48% 133,830 47% 477,780 44%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- -------- ----
Total retail
sales 165,795 30% 186,468 37% 193,613 45% 207,931 47% 753,807 40%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- -------- ----
(1) Quarterly periods are as follows:
Q1: three months to 30 November
Q2: three months to 28 February
Q3: three months to 31 May
Q4: three months to 31 August
Appendix 2 - Retail sales growth by quarter(1) at constant
currency
Year ending 31 August 2015
2014/15
GBP'000 Q1 YOY% Q2 YOY% Q3 YOY% Q4 YOY% YTD YOY%
------------------ -------- ---- ---- ---- ---- --------- ----
UK retail sales 104,804 24% 104,804 24%
US retail sales 23,975 12% 23,975 12%
EU retail sales 59,001 7% 59,001 7%
ROW retail
sales 58,549 0% 58,549 0%
International
retail sales 141,525 4% 141,525 4%
------------------ -------- ---- ---- ---- ---- --------- ----
Total retail
sales 246,329 12% 246,329 12%
------------------ -------- ---- ---- ---- ---- --------- ----
Year ending 31 August 2014
GBP'000 Q1 YOY% Q2 YOY% Q3 YOY% Q4 YOY% 2013/14 YOY%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- --------- ----
UK retail sales 84,370 36% 97,670 29% 91,880 43% 98,321 33% 372,241 35%
US retail sales 22,024 15% 24,725 53% 24,765 28% 20,797 10% 92,311 25%
EU retail sales 59,547 68% 68,079 51% 64,710 42% 64,049 29% 256,385 45%
ROW retail
sales 62,333 27% 53,571 16% 61,600 16% 56,854 3% 234,358 15%
International
retail sales 143,904 38% 146,375 36% 151,075 28% 141,700 14% 583,054 28%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- --------- ----
Total retail
sales 228,274 37% 244,045 33% 242,955 33% 240,021 21% 955,295 30%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- --------- ----
Year ending 31 August 2013
GBP'000 Q1 YOY% Q2 YOY% Q3 YOY% Q4 YOY% 2012/13 YOY%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- -------- ----
UK retail sales 62,053 24% 75,526 28% 64,347 39% 74,101 49% 276,027 34%
US retail sales 19,048 57% 16,503 54% 21,255 54% 20,872 55% 77,678 55%
EU retail sales 33,337 25% 44,120 63% 47,215 52% 53,036 62% 177,708 51%
ROW retail
sales 51,357 42% 50,319 33% 60,796 36% 59,922 28% 222,394 34%
International
retail sales 103,742 38% 110,942 47% 129,266 44% 133,830 44% 477,780 43%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- -------- ----
Total retail
sales 165,795 33% 186,468 39% 193,613 42% 207,931 45% 753,807 40%
------------------ --------- ---- --------- ---- -------- ---- -------- ---- -------- ----
(1) Quarterly periods are as follows:
Q1: three months to 30 November
Q2: three months to 28 February
Q3: three months to 31 May
Q4: three months to 31 August
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTDVLFBZLFFFBB
Asos (LSE:ASC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Asos (LSE:ASC)
Historical Stock Chart
From Apr 2023 to Apr 2024
