ASOS PLC (FRA:DYQ)

€ 4.248 -0.1 (-2.3%) Market Cap: 539.77 Mil Enterprise Value: 1.24 Bil PE Ratio: 0 PB Ratio: 0.85 GF Score: 67/100

ASOS PLC Trading Statement Call Transcript

Mar 19, 2019 / 07:30AM GMT

Release Date Price: €34.18 (-4.68%)

Transcript

Operator

Good morning, ladies and gentlemen, and thank you for standing by for the call. (Operator Instructions) I must advise you that this conference is being recorded today, Tuesday, 19th of March, 2019.

I would now like to hand the conference over to your speaker today, Speaker Nick Beighton. Please go ahead.

Nicholas Beighton

ASOS Plc - CEO, Member of Executive Board & Director

Thank you, operator, and good morning everyone, and thanks for joining the call for our Period 2 update, which is a trading statement for the 3 months to the end of February.

Joining me on the call today, as normal, from ASOS are Alison and Greg from the IR team. Please remember that we're in close period, and we will be providing far more detail around H1 in a few weeks' time on the 10th of April. So hopefully, this could be a quick call.

So first of all, group sales were up 13% year-on-year during quarter 2, which is broadly similar to Q1, and certainly a recovery from what was a very tough promotional environment in November. Our retail gross margin was

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