• FY revenues up 39% to GBP769.4m
  • Q4 revenues up 46% to GBP212.5m
  • Expects FY profit marginally above expectations

Online fashion retailer Asos expects to post a higher than expected full-year pre-tax profit after another sales surge in the fourth quarter of the fiscal year.

Retail sales were up 47% to GBP208m in the fourth quarter, bringing full-year retail sales to GBP754m, up 40%.

Company CEO Nick Robertson said retail sales growth in the fourth quarter was strong in the UK, up 49%, and internationally, up 47%.

“International growth continues to be driven by the countries in which we have dedicated websites and in-country teams, and was particularly strong in Europe, driven by France, Germany, Italy and Spain,” he added.

“We also saw strong growth in the US and in Russia, following the launch of our Russian website.”

Retail gross margin for the quarter ended 31 August was up by about 460 basis points on last year, while active customers now number 7.1m.

Robertson said the company now expected pre-tax profit for the full year to be “marginally above” expectations.