Kid ASA - Second Quarter 2022 Results
Lier, 25 August 2022: The board of Directors of Kid ASA has approved the financial report for the second quarter of 2022Key financial highlights · Group revenues increased by 8.8% to MNOK 730.1. · New products and categories remain a significant growth driver. · Gross margin decreased by 3.7 percentage points to 60.0%, mainly due to increased freight costs. Kid has signed a freight agreement securing rates at lower levels going forward. · Operation expences-to-sales[1] was reduced to 47.4% (49.4%) · EBITDA decreased by MNOK 4.9 to MNOK 167.6 The results will be presented