Kid ASA - Fourth Quarter 2020 Results
Lier, 17 February 2021: The board of Directors of Kid ASA has approved the financial report for the fourth quarter of 2020.· Q4 revenues increased by +6.6% to MNOK 1097.3 (MNOK 1029.6[1]). Like-for-like sales increased by +7.4%. · Gross margin increased by 3.0 percentage points to 63.1% (60.1%) · Adjusted EBITDA of MNOK 369.9 (MNOK 299.1) which is an increase of MNOK 70.5 compared to the fourth quarter last year. · The board of directors proposes an ordinary dividend of NOK 3.40 per share payable in June 2021. The dividend is implying a 2020 pay-out ratio of 91% when adding the