Online clothing retailer Asos said on Thursday that its current financial year reported sales growth is anticipated to be at the upper-end of its forecast range as it posted double digit growth in group revenue in the four months ended June 30. The London-headquartered company, whose clothes and accessories are targeted at 20-somethings, generated total group revenue of 675.8 million pounds ($873 million) during the period, up 32% at constant currency rates from the corresponding period of the prior year, according to a trading statement published on Thursday. Total retail revenue also rose by 26% to 660.1 million pounds over the same time frame at constant currency rates.
International retail sales growth was up 44%, and in the UK it was up 16%, the company said. Total orders shipped stood at 16.9 million, up 28% year-on-year. The company said that current financial year reported sales growth is now anticipated to be at the upper end of the 30-to-35% range while its full year 2017 profit before tax is anticipated to be in line with market consensus, which it defined as 79.4 million pounds.