ASOS plc,global online fashion store releases trading statement for the 3 months ended 31 August 2012.
Q4 Highlights
·Retail sales+31%year on year(UK+15%,International+42%)
·International sales 65%of total(60%last year)
·Retail gross margin up 70bps on prior year
·5 million active customers at 31 August 2012(+35%year on year)
Nick Robertson,CEO,commented:
"I am pleased to report that trading for the three months to 31 August 2012 has been strong,with total retail sales up 31%to£141m.Retail sales for the year to 31 August 2012 increased 38%to£538m.
"Our UK performance was encouraging at+15%,and our International business grew by+42%.International equated to 65%of our sales over the period up from 60%last year.Our sales performance in those markets where we have a website continue to outperform.Despite investing in our pricing,I'm pleased to say that our retail gross margin improved by 70bps over the period.
"Profit for the five months ended 31 August 2012 and pro forma full year,are expected to be in line with expectations,and we approach our new financial year with continued confidence."
ASOS is a global online fashion and beauty retailer and offers on the ASOS website over 50,000 branded and own label product lines across womenswear,menswear,footwear,accessories,jewellery and beauty.ASOS has websites targeting the UK,USA,France,Germany,Spain,Italy and Australia and also ships to over 190 other countries from its central distribution centre in the UK.
