Kid ASA - Second Quarter 2020 Results

Lier, 20 August 2020: The board of Directors of Kid ASA has approved the financial report for the second quarter of 2020. 

• Group revenues¹ increased by 22.7% and like-for-like growth was 23.6%. Revenues have been strong in both segments and across categories.
• Gross margin decreased by 0.7 pp to 61.9% (62.6%) due to favourable FX position last year.
• Adjusted EBITDA of MNOK 176.0 (MNOK 85.8) which is an increase of MNOK 90.2 compared to the second quarter last year.
• Adjusted EBITDA exclusive of IFRS16 effects of MNOK 104.6 (MNOK 34.7) which is an increase of MNOK 69.9 compared to the second quarter last year.

¹Based on Hemtex revenues from Hemtex management accounts and calculated in constant currency for purpose of comparison. Hemtex was included in the Group financial accounts as of 15 May

The results will be presented at 09:00 CEST by CEO Anders Fjeld and CFO Eystein Lund at ABG Sundal Collier Office in Oslo (Munkedamsveien 45 e, 7th floor).

Consequent on the Covid-19 pandemic there will be a maximum capacity of 20 people in the room with a Covid-19 friendly set-up and with the possibility to attend digitally.

The quarterly report and the presentation material are available on http://investor.kid.no

ENQUIRIES:

Eystein Lund, CFO, Kid ASA, +47 906 02 127