KID ASA - THIRD QUARTER 2016 RESULTS

Lier, 10 November 2016: The board of directors of Kid ASA has approved the financial report for the third quarter of 2016.

Q3 HIGHLIGHTS (Figures from corresponding period the
previous year in brackets)
- Revenues of MNOK 314.1 (MNOK 287.6), an increase of 9.2%. The growth in August was very strong due to normalized weather in 2016 compared to 2015. The number of shopping days in the quarter was 79 (79).
- Kid continue to gain market share. The sale of home textiles in Q3 2016 in specialised stores in Norway increased by 2.7%, according to Statistics Norway.  
- Like-for-like (LFL) sales increased by +6.7% in the quarter and +4.2% YTD compared to the same periods in 2015.
- Gross margin after realised currency effects of 59.1% (60.8%) in Q3. Please see the financial review in the enclosed report for further description of the gross margin development.
- Adjusted EBITDA of MNOK 51.6 (MNOK 48.6) in Q3.
- New stores were opened in Bekkestua (Oslo) and Knarvik.
The store at Slependen (Oslo) was closed in accordance with plan. The total number of physical stores at the end of the quarter was 133.

ENQUIRIES
Kjersti Hobøl, CEO Kid, +47 918 35 965
Petter Schouw-Hansen, CFO Kid, +47 482 24 534

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