02:00 Thu 14 Jan 2016
ASOS PLC - Trading Statement
Global Online Fashion Destination
Trading Statement for the four months ended
|
Four months to 31 December |
|||
£m1 |
2015 |
2014 |
Increase |
CCY2 Increase |
|
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 revenue3 |
459.7 |
374.7 |
23% |
27% |
1All numbers subject to rounding
2On constant exchange rate basis
3Includes retail sales, delivery receipts and third party revenues
Four months to
· Retail sales up 22% (
· International retail sales 54% of total (55% last year)
· Retail gross margin down c.40bps
· 10.7 million active customers4 at
· Strong balance sheet and cash position
4Defined as having shopped in the last 12 months
"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
We are progressing well with our warehouse and technology investments and in December construction began on our EuroHub 2 facility."
Analyst/Investor conference call:
Photography:
Latest photography will be available at: http://www.asosplc.com/media/image-library.aspx
For further information:
|
Tel: 020 7756 1000 |
Nick Beighton, Chief Executive |
|
Helen Ashton, Chief Financial Officer Greg Feehely, Director of Investor Relations |
|
|
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 (
1Defined as having shopped in the last 12 months
Appendix 1 - Retail sales growth by period1 in sterling
Year ending
£m2 |
P11 |
YOY% |
P21 |
YOY% |
P31 |
YOY% |
P41 |
YOY% |
2015/16 YTD |
YOY%
|
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
£m2 |
P11 |
YOY% |
P21 |
YOY% |
P31 |
|
P41 |
|
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
£m2 |
P11 |
YOY% |
P21 |
YOY% |
P31 |
YOY% |
P41 |
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 period1 at constant currency
Year ending
£m2 |
P11 |
YOY% |
P21 |
YOY% |
P31 |
YOY% |
P41 |
YOY% |
2015/16 YTD |
YOY% |
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% |
Year ending
£m2 |
P11 |
YOY% |
P21 |
YOY% |
P31 |
YOY% |
P41 |
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
£m2 |
P11 |
YOY% |
P21 |
YOY% |
P31 |
YOY% |
P41 |
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 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
This information is provided by RNS
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE