Kid ASA - Revenues for the Third Quarter of 2023

Mon, Oct 09, 2023 07:30 CET

Lier, 9 October 2023: Kid ASA today announces unaudited revenue figures for the third 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

Q3 revenues increased by +12.1% (+0.5%) to MNOK 830.9 (MNOK 741.3[1]). Like-for-like sales increased by +12.9%[2] (-0.4%).

Online sales accounted for 11.7% (10.3%[2]) of total revenues in the quarter.

For the first nine months of 2023, group revenues increased by +3.1% (+5.8%) to MNOK 2,160.4 (MNOK 2,096.4[3]). Like-for-like sales increased by +3.4%[2] (+3.9%).

SEGMENT KID INTERIOR

Q3 revenues increased by +13.1% (+1.4%) to MNOK 517.8 (MNOK 457.9). Like-for-like sales increased by +12.7% (-1.0%). Online sales increased by +45.5% (+37.0%).

For the first nine months of 2023, revenues increased by +5.8%

(+7.0%) to MNOK 1,354.4 (MNOK 1,280.2). Like-for-like sales increased by +4.8% (+4.6%). Online sales increased by +26.8% (+13.2%).

One store was refurbished during the quarter. There were no new, closed or relocated 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 79 (79).

SEGMENT HEMTEX

Q3 revenues increased by +10.5% (-1.0%) to MSEK 323.0 (MSEK 292.3). Like-for-like sales increased by +13.3% (+0.8%). Online sales increased by +11.2% (+41.7%).

For the first nine months of 2023, revenues decreased by -1.3% (+3.9%) to MSEK 815.6 (MSEK 825.9). Like-for-like sales increased by +1.0% (+2.7%). Online sales unchanged by +0.0% (+5.5%).

One store was refurbished and three stores were relocated. There were no new or closed stores during the quarter. The total number of physical stores at the end of the quarter was 128 (128). The number of shopping days in the quarter was 92 (92).

The quarterly report for the third quarter of 2023 will be announced 9 November 2023 at CET 07:30.

ENQUIRIES

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

DISCLOSURE REGULATION

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 for Q3 2022 was MNOK 734.7 which represents an increase of +13.1%.
2. Calculated with constant currency.
3. Calculated with constant currency. Actual reported revenues YTD per Q3 2022 was MNOK 2,069.4 which results in an increase of +4.4%.