Kid ASA - Revenues for the First Quarter of 2023

Lier, 13 April 2023: Kid ASA today announces unaudited revenue figures for the first quarter of 2023 (previous year in brackets). For definition of like-for-like stores, please see latest quarterly report at www.investor.kid.no.

Group

Q1 revenues decreased by -1.3% (+9.3%) to MNOK 605.4 (MNOK 613.1¹). Like-for-like sales decreased by -0.3%² (+7.3%).

Online sales accounted for 11.7% (11.7%²) of total revenues in the quarter.

Segment Kid Interior

Q1 revenues increased by +5.2% (+12.5%) to MNOK 385.9 (MNOK 366.8). Like-for-like sales increased by +3.5% (+10.7%). Online sales increased by +20.8% (-0.3%).

One store was closed, two stores were relocated and five stores were refurbished during the quarter. There were no new stores. The total number of physical stores at the end of the quarter was 155 (153). The number of shopping days in the quarter was 77 (76).

Segment Hemtex

Q1 revenues decreased by -10.9% (+4.8%) to MSEK 223.7 (MSEK 251.1). Like-for-like sales decreased by -6.5% (+2.0%). Online sales decreased by -14.0% (-16.4%).

One store was opened, two stores were closed, one store was relocated and one store was refurbished during the quarter. The total number of physical stores at the end of the quarter was 129 (130). The number of shopping days in the quarter was 89 (89).

The quarterly report for the first quarter of 2023 will be announced on 25 May 2023 at CET 07:30.

ENQUIRIES

Anders Fjeld, CEO Kid ASA, +47 996 32 121

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

1. Calculated with constant currency. Actual reported revenues per Q1 2022 was MNOK 604.6 which represents an increase of +0.1%.
2. Calculated with constant currency.