Leading online fashion and beauty retailer ASOS plc announces interim results for the six months ended 30th September 2007.
Key Financial Results: • Revenues +83% to £31.8m • Profit before Tax £2.4m (£0.3m 6 months to 30 September 2006) • 1.6m registered users as at 2 December 2007 (1.1m as at 27th November 2006) • Revenues for 9 weeks to 2 December +101% • Confident of another excellent year's trading and record profits
Chief Executive's Statement:
Results: I am delighted to report on the continuing strong growth of ASOS.com. Revenues for the 6 months to 30 September 2007 were 83% ahead at £31.8m and the business delivered a profit before tax of £2.4m, up from £0.3m the previous year.
Particularly pleasing is the increase in profit which has been delivered as a result of gross margin improvements of 4.7% points compared to the same period last year.
At 2 December 2007, ASOS.com had 1.6m registered users and, according to Hitwise, ASOS.com remains the second most visited online fashion store in the UK behind Next. In November 2007, we received 2.6m unique visitors.
Current Trading: Sales for the 9 weeks to 2nd December 2007 are 101% ahead year on year and as a result sales for the year to date are 89% ahead. With several peak Christmas trading weeks and the January sale still to come, it is too early to assess whether this performance will continue for the remainder of the financial year.
The Market: The popularity of online shopping continues. The IMRG (Interactive Media in Retail Group) is forecasting a 42% increase in online sales over the Christmas period. 61% of UK homes now have Internet access and 84% of those have Broadband.
Outlook: I am confident that the investments we have, and continue to make, will enable ASOS to stay at the forefront of online fashion shopping in the UK. A Christmas trading statement will be released at the end of January 2008.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
