Kid ASA - Revenues for the First Quarter of 2024

Lier, 9 April 2024: Kid ASA today announces unaudited revenue figures for the first quarter of 2024 (previous year in parentheses). For definition of like-for-like sales, please see latest quarterly report at www.investor.kid.no.

GROUP

Q1 revenues increased by +13.7% (-1.3%) to MNOK 696.5 (MNOK 612.3[1]). Like-for-like sales increased by +13.5%[2] (-0.3%).

Online sales accounted for 12.0% (11.8%[2]) of total revenues in the quarter.

SEGMENT KID INTERIOR

Q1 revenues increased by +13.4% (+5.2%) to MNOK 437.7 (MNOK 385.9). Like-for-like sales increased by +12.7% (+3.5%). Online sales increased by +33.3% (+20.8%).

One store was opened and one store was closed during the quarter. There were three refurbished and four relocated stores. The total number of physical stores at the end of the quarter was 157 (155). The number of shopping days in the quarter was 75 (77).

SEGMENT HEMTEX

Q1 revenues increased by +14.3% (-10.9%) to MSEK 255.7 (MSEK 223.7). Like-for-like sales increased by +14.9% (-6.5%). Online sales decreased by -3.2% (-14.0%).

One store was closed during the quarter. Two stores were refurbished and one store was relocated. There were no new stores. The total number of physical stores at the end of the quarter was 129 (129). The number of shopping days in the quarter was 90 (89).

The quarterly report for the first quarter of 2024 will be announced 16 May 2024 at CEST 07:30.

ENQUIRIES

Mads Kigen, CFO Kid ASA, +47 952 60 507, mads@kid.no

DISCLOSURE REGULATION

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

1. Calculated with constant currency. Actual reported revenues per Q1 2023 was MNOK 605.4 which represents an increase of +15.0%.

2. Calculated with constant currency.