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Asos full-year sales rise 35%

Asos said sales rose 35% to £223m in the year to March 31 with full year pre-tax profits expected to be in line with forecasts.

Asos chief executive Nick Robertson said he is “approaching this year with considerably more confidence”, after a 38% surge in retail sales to £206m in the period. UK retail sales increased 23%, with international sales rocketing 101%.

Since the year end, Asos said retail sales in the 19 days to April 19, have “acclerated”, up 56% across the group, and up 25% in the UK.

International sales soared 148% in the 19-day period, with the US, Denmark, France, Australia, Ireland and Germany performing particularly well.

Robertson said: “It was another excellent year for Asos. The year was characterised by more conservative planning, specifically around stock levels, a focus on operational and financial controls and the introduction of key customer initiatives such as free returns. Simultaneously we have been developing our international business and remain on track to launch our US, French and German websites this year.  

“We are approaching this year with considerably more confidence. Demand for our spring / summer ranges have been very strong and the internet continues to outperform the other retail channels.”

Asos will announce its preliminary results for the year to March 31on June 9.

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