Kid ASA - First Quarter 2021 Results
Lier, 12 May 2021: The board of Directors of Kid ASA has approved the financial report for the first quarter of 2021. Best Q1 performance ever, driven by continued high revenue growth combined with increased gross margin and stringent cost control. Revenues increased in both segments despite reduced footfall to physical stores as a result of Covid-19 restrictions, mainly driven by increased online shopping and compensating sales initiatives utilizing the omni channel platform.Key financial highlights · Q1 revenues increased by +10.4% to MNOK 569.1 (MNOK 515.51). Like-for-like