Another successful quarter, 'International' shines at ASOS

14 Apr '11

2 min read

ASOS Plc announced trading statement for the 3 months ended 31 March 2011.

Q4 Highlights (January - March 2011)

• Retail sales accelerated + 70 % year on year (Q3 +59%)

• UK retail sales + 24 % / International retail sales + 161 %

• International sales mix 52%

• ASOS Fashion Finder launched March 2011

Full Year Highlights (April 2010 - March 2011)

• Retail sales up 58 % year on year (UK + 24 % / International + 144 %)

• Profit before tax likely to be towards the top end of expectations

• Small increase in retail gross margin, in line with guidance

• Investment in free shipping and returns has led to a reduction in overall gross margin

Nick Robertson, CEO, commented:

"I am pleased to report another successful quarter with retail sales accelerating +70%, up from +59% in our third quarter. Importantly our UK business remained strong +24%, vs +23% in the third quarter.

With International becoming an increasingly significant part of our future, I was pleased to see our International sales mix exceed that of the UK for the first time, accounting for 52% of our retail sales.

Profit before tax, pre exceptional, for the full year to March 2011 is likely to be towards the top end of expectations.

We have approached the new financial year with confidence and are excited about the prospects for both our UK and International businesses."

ASOS is a global online fashion and beauty retailer and offers over 50,000 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty with approximately 1,500 new product lines being introduced each week.

ASOS Plc

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