Kid ASA – Fourth Quarter 2023 Results
Lier, 15 February 2024: The Board of Directors of Kid ASA has approved the financial report for the fourth quarter of 2023. KEY FINANCIAL HIGHLIGHTS: · All-time high revenues and EBITDA in Q4. · Group revenues increased by 13.0% to MNOK 1,253.2, representing second consecutive quarter of double-digit growth. · New products and categories remain a significant growth driver. Revenues from Extended assortment was MNOK 14.6 in the quarter. · Gross margin increased by 6.5 percentage points to 63.4%. · Operating expenses relative to sales (excl. IFRS 16) in Q4 was 36.7% (36.7%)