Kid ASA

Earnings Release • Jul 7, 2020

Kid ASA - Revenues for the Second Quarter of 2020

Lier, 7 July 2020: Kid ASA today announces unaudited revenue figures for the second quarter of 2020 (previous year in brackets). For definition of like-for-like stores, please see latest quarterly report at www.investor.kid.no

Group

Q2 revenues increased by +22.7% to MNOK 660.0 (MNOK 538.0¹). Like-for-like sales increased by +23.6%.

For the first six months of 2020, Group revenues increased by +11.9% to MNOK 1,183.5 (MNOK 1,057.81). Like-for-like sales increased by +12.5%.

Segment Kid Interior

Q2 revenues increased by +28.0% to MNOK 411.5 (MNOK 321.4). Like-for-like sales increased by +27.1%. Online sales increased by +67.7%.

For the first six months of 2020, Kid Interior revenues increased by 12.8% to MNOK 698.6 (MNOK 619.4). Like-for-like sales increased by +12.1%. Online sales increased by +52.8%.

No new stores were opened, relocated or closed, and two stores were refurbished during the quarter. The total number of physical stores at the end of the quarter was 143 (143). The number of shopping days in the quarter was 72 (71).

Segment Hemtex

Q2 revenues increased by 14.7% to MSEK 241.2 (MSEK 210.31) Likefor-like sales increased by 18.0%. Online sales increased by 103.0%.

For the first six months of 2020, Hemtex revenues increased by 10.7% to MSEK 466.4 (MSEK 421.5¹). Like-for-like sales increased by +13.0%. Online sales increased by +71.2%.

There were no changes to the store portfolio in Hemtex during the quarter. The total number of physical stores at the end of the quarter was 132 (140). The number of shopping days in the quarter was 90 (90).

The quarterly report for the second quarter of 2020 will be announced on 20 August 2020 at CET 08:00.

ENQUIRIES

Eystein Lund, CFO Kid ASA, +47 906 02 127 Anders Fjeld, CEO Kid ASA, +47 996 32 121

1) Hemtex comparable figures included on a proforma basis with constant currency. Hemtex was acquired on 15 May 2019.