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ASOS Plc 3-month Revenue Up 11% On Constant Currency Basis - Quick Facts

ASOS plc (ASOMY.PK,ASOMF.PK,ASC.L) reported total group revenue of 658.5 million pounds for the three months to 28 February 2019, up 13% on a reported basis and up 11% on a constant currency basis. Total retail sales were 641.3 million pounds, up 13% on a reported basis and up 11% on a constant currency basis. Retail gross margin was up 40bps, for the period.

Nick Beighton, CEO, said: "We continued to outperform in the UK with sales growth of 14%. Sales in Europe were up 12%, although France and Germany, our two largest markets, continue to be challenging. Our US performance was behind our plans during the period."

For fiscal 2019, the Group continues to expect: sales growth at approximately 15%; retail gross margin at approximately 150bps; EBIT margin unchanged at approximately 2%.

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