ASOS PLC
11 October 2006
FOR RELEASE
7.00 am
11 October 2006
ASOS plc
('ASOS' or 'the Company')
(Leading online fashion retailer)
AGM STATEMENT
* ASOS.com sales up 93% for the 6 months to 30 September 2006
* 1,075,000 registered users as at 10 October 2006 (675,000 as at 11 October
2005)
* Continuing investment in infrastructure to support future growth plans
* Confident that the full year results will be in line with market
expectations
Nick Robertson, the Chief Executive, will make the following comments on current
trading at the Annual General Meeting to be held at 11.00am today at the
Chartered Accountants' Hall, One Moorgate Place, London, EC2R 6EA.
'I am pleased to report a strong first half performance with sales for ASOS.com
93% ahead for the 6 months to 30th September 2006. This is the result of the
investment made last year in our buying and merchandising teams and the
subsequent increase in the number of products available from 1500, 12 months
ago, to 4000 now. Encouragingly, all departments have recorded strong growth
with our branded and footwear divisions performing particularly well.
As previously advised, we have continued to invest in our infrastructure in the
first half of the year to support future growth plans. This will be reflected in
the administrative costs in the interim results to be released on 28 November
2006.
At this stage, despite much tougher comparables ahead (after adjusting for the
impact of the Buncefield fuel depot explosion) and the peak trading period still
to come, the board remains confident that the full year results will be in line
with market expectations.'
ASOS plc
Nick Robertson, Chief Executive Tel: 020 7240 7070
Jon Kamaluddin, Finance Director Tel: 020 7240 7070
Website: www.asos.com
Cubitt Consulting
Brian Coleman-Smith / Nia Thomas Tel: 020 7367 5100
Seymour Pierce
Mark Percy / Nicola Marrin Tel: 020 7107 8000
Background note:
ASOS plc is an Internet Retail and Marketing Services Group, established in June
2000 and admitted to AIM in October 2001. Its principal business is ASOS.com, a
leading online fashion and beauty retailer. Aimed primarily at an Internet savvy
18-34 year old, ASOS had over 1,075,000 registered users at 10 October 2006 and
offers over 4000 products across womenswear, menswear, footwear, accessories,
jewellery and beauty.
This information is provided by RNS
The company news service from the London Stock Exchange
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