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Kid ASA - Revenues for the Second Quarter of 2023

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Lier, 10 July 2023: Kid ASA today announces unaudited revenue figures for the second quarter of 2023 (previous year in parentheses). For definition of like-for-like stores, please see latest quarterly report at www.investor.kid.no.

GROUP

Q2 revenues decreased by -2.5% (+8.8%) to MNOK 724.2 (MNOK 742.81). Like-for-like sales decreased by -3.3%2 (+5.6%).

Online sales accounted for 12.1% (10.8%2) of total revenues in the quarter.

For the first six months of 2023, group revenues decreased by -1.9% (+9.1%) to MNOK 1,329.5 (MNOK 1,355.9³). Like-for-like sales decreased by -1.9%² (+6.3%).

SEGMENT KID INTERIOR

Q2 revenues decreased by -1.1% (+8.9%) to MNOK 450.7 (MNOK 455.5). Like-for-like sales decreased by -2.0% (+5.8%). Online sales increased by +15.6% (+8.4%).

For the first six months of 2023, revenues increased by +1.7%

(+10.5%) to MNOK 836.6 (MNOK 822.3). Like-for-like sales increased by +0.5% (+7.9%). Online sales increased by +17.9% (+4.5%).

One store was opened, one store was relocated and three stores were refurbished during the quarter. There were no closed stores. The total number of physical stores at the end of the quarter was 156 (155). The number of shopping days in the quarter was 71 (72).

SEGMENT HEMTEX

Q2 revenues decreased by -4.8% (+8.8%) to MSEK 268.9 (MSEK 282.6). Like-for-like sales decreased by -5.4% (+5.2%). Online sales increased by +2.5% (+3.6%).

For the first six months of 2023, revenues decreased by -7.7% (+6.9%) to MSEK 492.7 (MSEK 533.7). Like-for-like sales decreased by -5.9% (+3.7%). Online sales decreased by -6.2% (-7.6%).

One store was closed and three stores were relocated. There were no refurbished or opened stores during the quarter. The total number of physical stores at the end of the quarter was 128 (129). The number of shopping days in the quarter was 83 (83).

The quarterly report for the second quarter of 2023 will be announced on 24 August 2023 at CET 07:30.

ENQUIRIES

Mads Kigen, CFO Kid ASA, +47 952 60 507

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 Q2 2022 was MNOK 730.1 which represents a decrease of -0.8%.
  2. Calculated with constant currency.
  3. Calculated with constant currency. Actual reported revenues YTD per Q2 2022 was MNOK 1,334.7 which results in a decrease of -0.4%.

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