Kid ASA - Second Quarter 2023 Results
Lier, 24 August 2023: The Board of Directors of Kid ASA has approved the financial report for the second quarter of 2023. Key financial highlights · Group revenues decreased by -0.8%. The development improved throughout the quarter with positive growth in June. · Two additional Extended pilot stores were opened in Q2. Revenue from the extended assortment was MNOK 10.8. Based on the successful launch in Norway, we will launch the Extended assortment online and in selected larger stores in Hemtex during H1-24. · Gross margin increased by 2.2 percentage points to 62.2% due to