Kid ASA - Third Quarter 2023 Results
Lier, 9 November 2023: The Board of Directors of Kid ASA has approved the financial report for the third quarter of 2023. Key financial highlights · Group revenues increased by 13.1%, driven by both footfall and basket size across all markets. · Revenue from the Extended assortment was MNOK 16.6 in the quarter. Based on the successful concept launch, we will increase the number of Extended stores from 5 to 10 in Norway and launch 3 new Extended stores in Sweden during 2024 and 2025. · Gross margin increased by 6.6 percentage points to 62.1%. · Strong cost control. ·