Sales surge 49% at fashion retailer ASOS in FY'12

25 May '12

2 min read

ASOS Plc announced its audited final results for year ended 31 March 2012.

Highlights:
• Retail sales up 49% (UK retail sales up 7%, International retail sales up 103%)
• Retail margin up by 290bps and gross margin up by 180bps year on year
• International retail sales accounted for 59% of total retail sales (2011: 43%) and 62% in Q4
• Profit before tax and exceptional items up 43% to £40.9m
• Tight stock management and strong net funds of £19.3m
• New websites launched in Italy, Spain and Australia
• Warehouse transition completed and delivering significant efficiency gains

Nick Robertson, CEO, commented:
"I am pleased to report another strong year for ASOS, with retail sales up 49% to £481.6m and profit6 up 43% to £40.9m.

During the year, we successfully launched country specific sites in Australia, Spain and Italy. We completed the year with further penetration into existing international markets and substantial expansion into new territories. Additionally our successful transition to a new 530,000 sq ft warehouse in Barnsley became fully operational in June 2011.

We remain positive in our outlook for 2012/13 as we continue our journey to becoming the world's number one online fashion destination. Our International roll out continues and our 1:5:5 ambitions for the company are in sight."

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.

ASOS Plc

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