ASOS Regulatory News (ASC)

3 Oct 2007 07:00

ASOS PLC03 October 2007 AGM StatementASOS PLC FOR RELEASE7.00 am3rd October 2007 ASOS plc ("ASOS" or "the Company") (Leading online fashion retailer) AGM STATEMENT * ASOS.com sales up 80% for the 6 months to 30th September 2007 * Gross clothing margin up 3.5% points * Profit before tax for the year to 31st March 2008, likely to be slightly ahead of market expectations * 1,425,000 registered users as at 30th September 2007 (1,075,000 as at 10th October 2006) * Continuing investment in infrastructure and personnel to support future growth 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 ASOS,Greater London House, Hampstead Road, London, NW1 7FB. "I am very pleased to report a strong first half performance in terms of bothsales and margin. Sales are 80% ahead of last year and our clothing margin hasimproved by 3.5% points for the 6 months to 30th September 2007. Consequently,we believe our profit before tax for the full year to 31 March 2008 will beslightly ahead of market expectations. We have experienced exceptionally strong performances in our women's clothing,menswear and our lingerie and swimwear departments. We have also been encouragedby the reaction to our new designer boutique and the recent launch of ourpremium brand offer. We have continued with our planned programme of investment, adding resourceacross the business as well as increasing our logistics capacity to support ourcurrent and future growth. With six months of the year to go, including the important Christmas period, andfaced with tougher comparables, it is too early to assess whether our currentsales performance will continue for the full year. Interim results will be released on 5th December 2007." . ASOS plcNick Robertson, Chief Executive Tel: 020 7756 1000Jon Kamaluddin, Finance Directorwww.asos.com Cubitt ConsultingBrian Coleman-Smith / Leanne Denman / James Verstringhe Tel: 020 7367 5100 Seymour PierceMark Percy / Nicola Marrin Tel: 020 7107 8000 Background note: ASOS plc is an Internet Retail business, established in June 2000 and admittedto AIM in October 2001. ASOS.com is the UK's largest independent online fashionand beauty retailer. Aimed primarily at Internet savvy 16-34 year olds, ASOSoffers over 4,700 fashion products across womenswear, menswear, footwear,accessories, jewellery and beauty. ASOS.com attracts over 2 million uniquevisitors a month and as at 30th September 2007, had 1.4m registered users. This information is provided by RNS The company news service from the London Stock Exchange