Kid ASA - Fourth Quarter 2022 Results
Lier, 16 February 2023: The board of Directors of Kid ASA has approved the financial report for the fourth quarter of 2022.Key financial highlights · Group revenues increased by 2.1% to MNOK 1,108.6. New products and categories remain a significant growth driver with an increase of 27.6% to MNOK 136.1 · Promising launch of Kid Extended in first pilot store and online during Q4 · Gross margin decreased by 6.5 percentage points to 56.9%. The reduction was mainly caused by increased freight costs without corresponding price adjustments · Operation expenses-to-sales in Q4 2022 was