ASOS PLC
09 June 2005
FOR RELEASE
7.00 am
Thursday 09 June 2005
ASOS plc
' ASOS' or 'Group'
('A leading Internet based fashion retailer')
PRE-CLOSE STATEMENT
* Profits for the year to 31 March 2005 in-line with market expectations
* Move to new 70,000 sq.ft warehouse scheduled for August 2005
* One million unique customers in March 2005
* Over 580,000 registered customers
* Confident of another strong year
Nick Robertson, the Chief Executive, commenting on the results, said:
I can confirm that the profit before tax and goodwill amortisation for the year
ended 31 March 2005 will be in line with market expectations and will be not
less than £1.05 million. We estimate that group sales for the period increased
by 79% to £13.4 million.
The move to the new 70,000 sq. ft. warehouse has been scheduled for the first
week in August. This has not, and will not effect current trading, as stock in
the business is currently 30-40% lower than pre-Christmas levels.
I remain optimistic about the prospects for the year ending March 2006. Young
fashion appears to be more resilient to macro economic pressures and the Company
will benefit from a full year of sales for the additional departments added
throughout 2004.
The web site has had a make-over, and our traffic levels are the highest they
have ever been. In March 2005 we attracted over one million unique customers for
the first time, and as at 1 June 2005 we had over 580,000 registered customers.
Consequently, I am confident that we can look forward to another strong year.
It is anticipated that the preliminary results for the year ended 31 March 2005
will be issued in the second week of July.
For further information:
ASOS plc
Nick Robertson, Chief Executive Tel: 020 7240 7070
Jon Kamaluddin, Finance Director
www.asos.com
Beattie Financial
Brian Coleman-Smith / Jo Clewlow / Nia Thomas Tel: 020 7053 6400
Seymour Pierce
Mark Percy / Ewan Leggat Tel: 020 7107 8000
ASOS plc is an Internet Retail and Marketing Services Group, established in June
2000 and admitted to AIM in October 2001. Its principle business is ASOS.com, a
leading online fashion and beauty retailer. Aimed primarily at an Internet
savvy 18-34 year old, ASOS has over 580,000 registered customers, and offers
over 2000 lines across womenswear, menswear, jewellery, beauty, accessories and
footwear.
This information is provided by RNS
The company news service from the London Stock Exchange
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