Kid ASA

05/19/2022 | Press release | Distributed by Public on 05/18/2022 23:37

Kid ASA - First Quarter 2022 Results

Kid ASA - First Quarter 2022 Results

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19 May 2022 07:30 CEST

Company Name

KID

ISN

NO0010743545

Market

Oslo Børs

Symbol

KID

Lier, 19 May 2022: The board of Directors of Kid ASA has approved the financial
report for the first quarter of 2022.

Key financial highlights
 Group revenues increased by 9.3% to MNOK 604.6 with a like-for-like sales
increase of 7.3% calculated on a constant currency basis and including online
sales
 Gross margin increased by 0.2 percentage points to 61.2% despite increased
freight costs and costs of raw material
 EBITDA decreased by MNOK 2.3 to MNOK 110.4 due to less Covid-19 cost
reductions effects and higher operating expenses
 OPEX-to-sales excluding Covid-19 effects remained stable at 55.5% (55.6%)
 Group revenues in constant currency were up by +14.4% in April and up by
+10.6% year-to-date per April.

"We are satisfied with our first quarter results. New products and categories
remain a significant growth driver, in addition to refurbishing, relocating and
expanding our physical stores", says CEO Anders Fjeld.
The results will be presented at 09:00 CET by CEO Anders Fjeld and CFO Eystein
Lund at the offices of SP1 Markets, Olav Vs gate 5, Oslo.

The presentation will be broadcasted as a live webcast in English and a recorded
version will be made available at http://investor.kid.

Please join the webcast at the following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20220519_5/

The quarterly report and presentation material will be available on
http://investor.kid.no and http://newsweb.no from 07:30 CET.

ENQUIRIES:
Eystein Lund, CFO, Kid ASA, +47 906 02 127
Anders Fjeld, CEO, KID ASA, +47 996 32 121

More information:
Access the news on Oslo Bors NewsWeb site

562598_Q1 2022 Kid ASA Report.pdf
562598_Kid ASA Q1 2022 Results.pdf
562598_Q1 2022 Kid ASA Presentation.pdf

Source

Kid ASA

Provider

Oslo Børs Newspoint