Bli medlem
Bli medlem

Du är här

2022-11-08

Kid ASA - Third Quarter 2022 Results

Lier, 8 November 2022: The board of Directors of Kid ASA has approved the financial report for the third quarter of 2022.

Key financial highlights

  • Group revenues increased by 0.5% to MNOK 734.7 in a challenging market. New products and categories remain a significant growth driver
  • Our new growth initiative 'Kid Extended' is ready to launch in Norway
  • Gross margin decreased by 5.9 percentage points to 55.5%. The high freight rates in 2022 have not sufficiently been incorporated in our price calculation models leading to an unexpected drop in gross margin during Q3
  • Operation expenses-to-sales increased to 46.1% (41.9%) manly due to higher logistics and cost of electricity
  • EBITDA decreased by MNOK 76.9 to MNOK 142.7
  • Half-year dividend payment of NOK 2.50 per share, payable in December 2022

The results will be presented at 09:00 CET by CEO Anders Fjeld and CFO Eystein Lund at the offices of ABG Sundal Collier and also broadcasted as a live webcast. A recorded version will be made available at http://investor.kid.

Please join the webcast at the following link: KID ASA Third Quarter 2022 Results (https://teams.microsoft.com/l/meetup-join/19%3ameeting_ZGNhYTViMzYtNTZhMS00NTVhLWJhMTctOGM4ZGYyMWE0OGJl%40thread.v2/0?context=%7B%22Tid%22%3A%22853e8b83-4054-4eb9-8b26-ec6513dd213d%22%2C%22Oid%22%3A%22ba1f21a1-74d5-4d4a-8b8f-2f06d0c71a75%22%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a)

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

Författare Cision