ASOS Audit Results

[jesss1]

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FOR RELEASE 7.00AM 20 FEBRUARY 2004
ASOS PLC
(“ASOS” or “the Group”)
UNAUDITED RESULTS FOR 12 MONTHS
TO 31st DECEMBER 2003
Main Points:
• Group Turnover increased by 71% to £7m
• The Group reports its first pre tax profit - £0.35m (excludes amortisation of
goodwill)
• The Group generated £1.4m of positive cashflow in 2003 and had £1.2m cash at
the end of the year
• The Group’s net current assets have increased to £0.5m
• 283,000 registered users as at 16th February 2004
Nick Robertson, Chief Executive, commented:
ASOS turned the corner in 2003 and we are delighted to present a strong set of results
for the year including, as forecast, the Group’s first pre tax profit. We continue to get
stronger, both financially and operationally. With over 30,000 fashion hungry customers
visiting the store each day, we have embarked on a course of accelerated range
expansion.
The Group generated £1.4 million positive cashflow, after capex of £116,000 in 2003.
I remain confident about the results for the 12 months ending 31st March 2004 and
expect them to be in line with market expectations.
We expect to release Audited results for the 15 months to 31st March 2004 (to cover the
revised year end) on 30th June 2004.
GROUP FINANCIAL HIGHLIGHTS Unaudited
12 months to
31 December 2003
£’000
Audited Results
For the year ended
31 December 2002
£’000
Turnover 7,016 4,104
Group EBITDA, before exceptional items 414 (48)
Total Group operating profit / (loss)
before goodwill amortisation and
exceptional items 352 (105)
Profit / (loss) on ordinary activities before
taxation, goodwill amortisation and
exceptional items 348 (101)
Goodwill amortisation (228) (228)
Impairment of goodwill - (1,372)
Profit / (Loss) on ordinary activities before
taxation 120
(1,701)
Diluted EPS on ordinary activities before
taxation, goodwill amortisation and
exceptional items 0.53p (0.16)p
2
ASOS plc – contacts
www.asos.com/InvestorRelations.asp
ASOS PLC
Nick Robertson, Chief Executive Tel: 020 7240 7070
John Morgan, Finance Director Tel: 020 7240 7070
Beattie Financial
Brian Coleman-Smith / John Moriarty Tel: 020 7398 3300
Note to Editors
ASOS plc is an Internet Retail and Marketing Services Group, established in
June 2000 and admitted to AIM in October 2001.
Its principle business is ASOS.com, a leading online Fashion and Lifestyle
Retailer. A top five company in the UK clothing and apparel category (source
Hitwise) ASOS.com has over 280,000 registered users and ships 1000 – 1500
orders per day. Its primary customers are Internet savvy 18-30 year olds.
It also owns Entertainment Marketing, a business providing product placement
and sponsorship services to a large number of blue chip advertisers.

From Seymour Pierce
http://www.asos.com/ASOS_20th%20February.pdf

[Matthew Wood]

Nice results Jess - congratulations, and an equally nice share price rise over the last 2 months!!

[Malcolm Cowley]

Nice one Jess - hope they give you a pay rise as I am sure a lot of those profits have come in part from your hard graft

[aly]

Now tell Nick and Q to keep away from aquisitions via paper and dillution and this time next year it will be worth loads more.

Cheers
Aly
ps. Was Q's new "property" a villa in the sun ?!!

[jesss1]

ps. Was Q's new "property" a villa in the sun ?!!

It would be nice to think so, this way I could rent it from him or offer to babysit

Nice one Jess - hope they give you a pay rise as I am sure a lot of those profits have come in part from your hard graft

And the hard graft of our affilites

and an equally nice share price rise over the last 2 months!!

Can you retire yet?

I have to say that we all @ ASOS.com work above and beyond the call of duty and I feel the x factor is how much we work and thrive as a team.

[simon147]

sell, sell, sell

http://www.telegraph.co.uk/money/mai...2Fccmm22.xml#5

[jesss1]

Lol

The telegraph came in on Friday and we even gave the sandwiches and wine... guess they didn't like the wine!

[aly]

Originally posted by scott147
sell, sell, sell

http://www.telegraph.co.uk/money/mai...2Fccmm22.xml#5

Buy,buy,buy according to shares mag !

Think I'll hold for a while longer then I dont have to decide either way !

Aly

[Gray@Figleaves]

Nice one Jess and ASOS,

nice to start seeing some good results from the Dotcom sector for a change!

Graham
Figleaves.com

[Stuart]

Great news Jess and ASOS.

Keep up the good work - maybe I should have some ASOS shares !!

[tomj]

hmmm, nice site...just had a look for the first time and the blokes section is quite good!....nice to see some measurements next to sizes for a change ;-)

[uksports]

hmmm, nice site...just had a look for the first time and the blokes section is quite good!....nice to see some measurements next to sizes for a change ;-)

Been showing measurements at Sportzwear for years - Jess nicked the idea - where's my lawyer

[jesss1]

Jess nicked the idea - where's my lawyer

Lol, your lawyer retired on ASOS shares!

[uksports]

Lol, your lawyer retired on ASOS shares!

Goddam lawyers, slippery as they come.............!