Kid ASA - First Quarter 2023 Results
Kid ASA - First Quarter 2023 Results Lier, 25 May 2023: The board of Directors of Kid ASA has approved the financial report for the first quarter of 2023. Key financial highlights · Group revenues increased by 0.1%. Revenue increased in Kid Interior, while Hemtex revenue decreased. · Two additional Kid Extended pilot stores were opened in Q1. Revenue from the extended assortment was MNOK 6.4 during the quarter, and the initial launch is considered successful both online and in pilot stores. · Gross margin decreased by 5.2 percentage points to 56.0% due to sale of goods