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Kid ASA - Second Quarter 2022 Results

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Lier, 25 August 2022: The board of Directors of Kid ASA has approved the financial report for the second quarter of 2022

Key financial highlights

  • Group revenues increased by 8.8% to MNOK 730.1.
  • New products and categories remain a significant growth driver.
  • Gross margin decreased by 3.7 percentage points to 60.0%, mainly due to increased freight costs. Kid has signed a freight agreement securing rates at lower levels going forward.
  • Operation expences-to-sales1 was reduced to 47.4% (49.4%)
  • EBITDA decreased by MNOK 4.9 to MNOK 167.6

The results will be presented at 09:00 CET by CEO Anders Fjeld and CFO Eystein Lund as a live webcast in English and a recorded version will be made available at http://investor.kid.

Please join the webcast at the following link: KID Q2 webcast 25.08.2022

The quarterly report and presentation material will be available on http://investor.kid.no and http://newsweb.no from 07:30 CET.

ENQUIRIES:

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

Anders Fjeld, CEO, KID ASA, +47 996 32 121

  1. Excluding Covid-19 cost reduction effects.

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