05/19/2022 | Press release | Distributed by Public on 05/18/2022 23:37
19 May 2022 07:30 CEST
KID
NO0010743545
Oslo Børs
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
Kid ASA
Oslo Børs Newspoint