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Kid ASA - Revenues for the Third Quarter of 2024

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Lier, 8 October 2024: Kid ASA today announces unaudited revenue figures for the third 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

Q3 revenues increased by +4.4% (+12.1%) to MNOK 886.9 (MNOK 849.6[1]). Like-for-like sales increased by +3.0%[2] (+12.9%).

Online sales accounted for 11.4% (11.8%[2]) of total revenues in the quarter.

For the first nine months of 2024, Group revenues increased by +9.1% (+3.1%) to MNOK 2,381.2 (MNOK 2,182.7[3]). Like-for-like sales increased by +8.1%[2] (+3.4%).

SEGMENT KID INTERIOR

Q3 revenues increased by +8.7% (+13.1%) to MNOK 562.9 (MNOK 517.8). Like-for-like sales increased by +7.0% (+12.7%). Online sales increased by +17.6% (+45.5%).

For the first nine months of 2024, revenues increased by +10.8%

(+5.8%) to MNOK 1.501.0 (MNOK 1.354.4). Like-for-like sales increased by +9.5% (+4.8%). Online sales increased by +21.2% (+26.8%).

Two stores were relocated during the quarter. There were no opened, closed or refurbished 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 79 (79).

SEGMENT HEMTEX

Q3 revenues decreased by -2.3% (+10.5%) to MSEK 315.4 (MSEK 323.0). Like-for-like sales decreased by -3.5% (+13.3%). Online sales decreased by -15.4% (+11.2%).

For the first nine months of 2024, revenues increased by +6.3% (-1.3%) to MSEK 866.7 (MSEK 815.6). Like-for-like sales increased by +5.5% (+1.0%). Online sales decreased by -6.0% (+0.0%).

One store was relocated during the quarter. There were no opened, closed or refurbished stores. 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 2024 will be announced 12 November 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 Q3 2023 was MNOK 830.9 which represents an increase of +6.7%.
  2. Calculated with constant currency.
  3. Calculated with constant currency. Actual reported revenues YTD per Q3 2023 was MNOK 2,160.4 which results in an increase of +10.2%.

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