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Kid ASA - Revenues for the Second Quarter of 2024

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Lier, 5 July 2024: Kid ASA today announces unaudited revenue figures for the second 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

Q2 revenues increased by +10.6% (-2.5%) to MNOK 797.8 (MNOK 721.3[1]). Like-for-like sales increased by +9.2%[2] (-3.3%).

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

For the first six months of 2024, Group revenues increased by +12.0% (-1.9%) to MNOK 1,494.3 (MNOK 1,333.6[3]). Like-for-like sales increased by +11.3%[2] (-1.9%).

SEGMENT KID INTERIOR

Q2 revenues increased by +11.0% (-1.1%) to MNOK 500.4 (MNOK 450.7). Like-for-like sales increased by +9.5% (-2.0%). Online sales increased by +15.4% (+15.6%).

For the first six months of 2024, revenues increased by +12.1%

(+1.7%) to MNOK 938.1 (MNOK 836.6). Like-for-like sales increased by +11.1% (+0.5%). Online sales increased by +23.3% (+17.9%).

Two stores were opened and one store was closed during the quarter. There were one refurbished store and two relocated stores. The total number of physical stores at the end of the quarter was 158 (156). The number of shopping days in the quarter was 73 (71).

SEGMENT HEMTEX

Q2 revenues increased by +9.9% (-4.8%) to MSEK 295.6 (MSEK 268.9). Like-for-like sales increased by +8.7% (-5.4%). Online sales increased by +3.1% (+2.5%).

For the first six months of 2024, revenues increased by +11.9% (-7.7%) to MSEK 551.3 (MSEK 492.7). Like-for-like sales increased by +11.6% (-5.9%). Online sales increased by +0.2% (-6.2%).

Two stores were opened and three stores were closed during the quarter. There were three refurbished stores and no stores were relocated. The total number of physical stores at the end of the quarter was 128 (128). The number of shopping days in the quarter was 90 (90).

The quarterly report for the second quarter of 2024 will be announced 22 August 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 Q2 2023 was MNOK 724.1 which represents an increase of +10.2%.
  2. Calculated with constant currency.
  3. Calculated with constant currency. Actual reported revenues YTD per Q2 2023 was MNOK 1,329.5 which results in an increase of +12.4%.

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