ASOS Regulatory News (ASC)

11 Oct 2006 07:00

ASOS PLC11 October 2006 FOR RELEASE7.00 am11 October 2006 ASOS plc ("ASOS" or "the Company") (Leading online fashion retailer) AGM STATEMENT * ASOS.com sales up 93% for the 6 months to 30 September 2006 * 1,075,000 registered users as at 10 October 2006 (675,000 as at 11 October 2005) * Continuing investment in infrastructure to support future growth plans * Confident that the full year results will be in line with market expectations Nick Robertson, the Chief Executive, will make the following comments on currenttrading at the Annual General Meeting to be held at 11.00am today at theChartered Accountants' Hall, One Moorgate Place, London, EC2R 6EA. "I am pleased to report a strong first half performance with sales for ASOS.com93% ahead for the 6 months to 30th September 2006. This is the result of theinvestment made last year in our buying and merchandising teams and thesubsequent increase in the number of products available from 1500, 12 monthsago, to 4000 now. Encouragingly, all departments have recorded strong growthwith our branded and footwear divisions performing particularly well. As previously advised, we have continued to invest in our infrastructure in thefirst half of the year to support future growth plans. This will be reflected inthe administrative costs in the interim results to be released on 28 November2006. At this stage, despite much tougher comparables ahead (after adjusting for theimpact of the Buncefield fuel depot explosion) and the peak trading period stillto come, the board remains confident that the full year results will be in linewith market expectations." ASOS plc Nick Robertson, Chief Executive Tel: 020 7240 7070Jon Kamaluddin, Finance Director Tel: 020 7240 7070Website: www.asos.com Cubitt ConsultingBrian Coleman-Smith / Nia Thomas Tel: 020 7367 5100 Seymour PierceMark Percy / Nicola Marrin Tel: 020 7107 8000 Background note: ASOS plc is an Internet Retail and Marketing Services Group, established in June2000 and admitted to AIM in October 2001. Its principal business is ASOS.com, aleading online fashion and beauty retailer. Aimed primarily at an Internet savvy18-34 year old, ASOS had over 1,075,000 registered users at 10 October 2006 andoffers over 4000 products across womenswear, menswear, footwear, accessories,jewellery and beauty. This information is provided by RNS The company news service from the London Stock Exchange