Kid ASA

Report Publication Announcement • Nov 9, 2023

Kid ASA - Third Quarter 2023 Results

Kid ASA - Third Quarter 2023 Results

Lier, 9 November 2023: The Board of Directors of Kid ASA has approved the

financial report for the third quarter of 2023.

Key financial highlights

· Group revenues increased by 13.1%, driven by both footfall and basket size

across all markets.

· Revenue from the Extended assortment was MNOK 16.6 in the quarter. Based on

the successful concept launch, we will increase the number of Extended stores

from 5 to 10 in Norway and launch 3 new Extended stores in Sweden during 2024

and 2025.

· Gross margin increased by 6.6 percentage points to 62.1%.

· Strong cost control.

· EBITDA increased by MNOK 98.6 to MNOK 241.4, a new all-time high for Q3.

· Record high cash flow from operations, due to increased profit and a

constant working capital.

The results will be presented at 09:00 CET by CEO Anders Fjeld and CFO Mads

Kigen at the offices of ABG Sundal Collier. The presentation will also be

broadcasted as a live webcast. A recorded version will be made available at

http://investor.kid.no.

Please join the webcast, Kid ASA Q3 Webcast, at the following link:

https://teams.microsoft.com/l/meetup

-join/19%3ameeting_MzAwMjlmNWMtMTA3Yi00MmFkLTg1NGMtMzE4ZmZmZDMxNDE3%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&btyp

e=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:

Anders Fjeld, CEO, KID ASA, +47 996 32 121, anders@kid.no

Mads Kigen, CFO, Kid ASA, +47 952 60 507, mads@kid.no