Kid ASA - Second Quarter 2020 Results
Lier, 20 August 2020: The board of Directors of Kid ASA has approved the financial report for the second quarter of 2020.· Group revenues[1] increased by 22.7% and like-for-like growth was 23.6%. Revenues have been strong in both segments and across categories. · Gross margin decreased by 0.7 pp to 61.9% (62.6%) due to favourable FX position last year. · Adjusted EBITDA of MNOK 176.0 (MNOK 85.8) which is an increase of MNOK 90.2 compared to the second quarter last year. · Adjusted EBITDA exclusive of IFRS16 effects of MNOK 104.6 (MNOK 34.7) which is an increase of MNOK 69.9