Trading Update

RNS Number : 3008P
ASOS PLC
14 July 2010
 



                                                                                                                                                                    

 

ASOS plc ("Group")

 

UK's leading online fashion store

Quarter 1 Trading Results for the period ended 30 June 2010

£'000s

2010/11

2009/10

Increase

Retail Sales

61,712

40,201

54%

-       UK sales

38,768

29,311

32%

-       International sales

22,944

10,890

111%

Group revenues*

65,807

44,561

48%

*Includes retail sales, postage and packaging (P&P) income and 3rd party revenues

 

Key highlights:

 

·      Retail sales up 54%, group revenues up 48%

·      Strong UK and international sales, +32% and +111% respectively

·      International sales mix now accounts for 37% of total retail sales

·      Retail gross margin ahead of prior year

Nick Robertson, CEO, commented:

 

"I am pleased to report our strong sales momentum continued through the first quarter.  Our retail sales are up 54% over the period, despite the impact of an extra week of sale activity in the comparable period last year.

 

"UK sales continue to perform strongly, up 32% and international sales, which now represent 37% of the total, remain robust at 111%.

 

"It is too early in the financial year to assume that these levels of sales will continue for the remaining three quarters; however we remain confident that this year will be another year of excellent progress."

 

14 July 2010

 

For further information:

 

ASOS plc

Tel: 0207 756 1000

Nick Robertson, Chief Executive


Nick Beighton, Finance Director


Website: www.asos.com




College Hill

Tel: 020 7457 2020

Matthew Smallwood / Justine Warren / Jamie Ramsay




JPMorgan Cazenove

Tel: 020 7588 2828

Luke Bordewich / Gina Gibson




Numis Securities

Tel: 020 7260 1000

Alex Ham


 


Background note

 

Established in June 2000 and admitted to AIM in October 2001, ASOS.com is the UK's largest independent online fashion and beauty retailer and offers over 36,000 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty with approximately 1,300 new product lines being introduced each week.

Aimed primarily at fashion forward 16-34 year olds, ASOS.com attracts over 8 million unique visitors a month and as at 30 April 2010 had 3.7 million registered users and 1.6 million active customers (defined as having shopped in the last 6 months).

 

Appendix: Split of Retail Sales by Quarter for the Year Ended 2009/2010

 

£'000s

Q1

Q2

Q3

Q4

2009/10

UK

29,311

36,045

45,934

36,281

147,571

International

10,890

11,411

17,050

18,569

57,920

Total retail sales

40,201

47,456

62,984

54,850

205,491

 

 

Year on Year %

Q1

Q2

Q3

Q4

Total

UK

34%

33%

11%

19%

22%

International

145%

110%

110%

76%

103%

Year on Year %

53%

45%

28%

34%

38%

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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