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Kid ASA - Revenues for the Fourth Quarter of 2023

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Lier, 9 January 2024: Kid ASA today announces unaudited revenue figures for the fourth quarter of 2023 (previous year in parentheses). For definition of like-for-like sales, please see latest quarterly report at www.investor.kid.no.

GROUP

Q4 revenues increased by +10.2% (+2.1%) to MNOK 1,253.2 (MNOK 1,136.7[1]). Like-for-like sales increased by +9.3%[2] (+1.8%).

Online sales accounted for 12.8% (11.0%[2]) of total revenues in the quarter.

For the fiscal year 2023, group revenues increased by +5.5% (+4.5%) to MNOK 3,413.6 (MNOK 3,234.1[3]). Like-for-like sales increased by +5.5%[2] (+3.1%).

SEGMENT KID INTERIOR

Q4 revenues increased by +9.3% (+2.3%) to MNOK 768.5 (MNOK 703.4). Like-for-like sales increased by +8.5% (+0.9%). Online sales increased by +28.4% (+24.1%).

For the fiscal year 2023, revenues increased by +7.0%

(+5.3%) to MNOK 2,122.9 (MNOK 1,983.6). Like-for-like sales increased by +6.1% (+3.2%). Online sales increased by +27.4% (+17.0%).

One store was opened during the quarter. There were three refurbished and one relocated store. The total number of physical stores at the end of the quarter was 157 (156). The number of shopping days in the quarter was 79 (81).

SEGMENT HEMTEX

Q4 revenues increased by +11.9% (+1.7%) to MSEK 477.1 (MSEK 426.5). Like-for-like sales increased by +10.7% (+3.5%). Online sales increased by +24.8% (+11.0%).

For the fiscal year 2023, revenues increased by +3.2% (+3.2%) to MSEK 1,292.7 (MSEK 1,252.5). Like-for-like sales increased by +4.4% (+2.8%). Online sales increased by +8.4% (+7.3%).

There were two new stores during the quarter. One store was refurbished and three stores were relocated. There were no closed stores. The total number of physical stores at the end of the quarter was 130 (130). The number of shopping days in the quarter was 91 (91).

The quarterly report for the fourth quarter of 2023 will be announced 15 February 2024 at CET 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 Q4 2022 was MNOK 1,108.6 which represents an increase of +13.0%.

2. Calculated with constant currency.

3. Calculated with constant currency. Actual reported revenues YTD per Q4 2022 was MNOK 3,178.0 which results in an increase of +7.4%.

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