Kid ASA – First Quarter 2024 Results
Lier, 16 May 2024: The Board of Directors of Kid ASA has approved the financial report for the first quarter of 2024. “We are pleased to present the third consecutive quarter with double digit growth. Our value-for-money position and concept remain resilient amid continuing challenging market conditions. Growth in the quarter was accelerated by store projects, combined with omnichannel and category development initiatives”, says Anders Fjeld, CEO of Kid ASA. KEY FINANCIAL HIGHLIGHTS: · Group revenues increased by 15.0% to MNOK 696.5. · Gross margin increased by 5.5 percentage