KID ASA - FOURTH QUARTER 2015 RESULTS
Lier, 11 February 2015: The board of directors of Kid ASA has approved the financial report for the fourth quarter of 2015.
(Figures from Q4-2014 in brackets)
- Revenues increased by +8.5% to NOK 433.1 million (NOK 399.3 million)
- Like-for-like sales increased by 3.2%
- Online sales increased by 53.6%
- Opened two new stores
- Gross margin of 60.3%
- Adjusted EBITDA of 99.6 MNOK (95.2 MNOK)
- The Board of Directors proposes a dividend of NOK 1.50 per share for 2015
Please find the fourth quarter report and presentation enclosed.
"We are proud to deliver solid results for the fourth quarter and the full year 2015. Despite facing challenges related to increased USDNOK levels, relocation of our administration and warehouse function in June, unfavourable weather conditions during the summer period and completing the IPO in November, we still managed to outperform the market in 2015 by 5.4 percentage points. We continued to build a solid platform for further development and growth" says Kjersti Hobøl (CEO)
Kjersti Hobøl, CEO Kid, +47 918 35 965
Petter Schouw-Hansen, CFO Kid, +47 482 24 534
ABOUT KID ASA
Kid is the largest and most profitable retailer in the Norwegian home textile market, typified by products like duvets, pillows, curtains, bed linens and other accessories and decorating items. As of 31 December 2015, Kid operated a total of 130 wholly-owned stores in Norway, in addition to an established e-commerce platform. Kid traces its history back to 1937, and has since the 1950s renewed Norwegian homes by offering attractive and practical curtains, bed linens and other interior articles. Kid is among the best known brands within retail in Norway, with 97% of Norwegian women being familiar with the company. Kid has approximately 900 employees, and its headquarters is located in Lier, Norway.
For more information visit www.kid.no
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.