Kid ASA

Report Publication Announcement • Aug 25, 2022

Kid ASA - Second Quarter 2022 Results

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.