Kid ASA

Earnings Release • Feb 26, 2020

KID ASA - FOURTH QUARTER 2019 RESULTS

KID ASA - FOURTH QUARTER 2019 RESULTS

Lier, 26 February 2020: The board of directors of Kid ASA has approved the

financial report for the fourth quarter of 2019.

Q4 HIGHLIGHTS (Figures from corresponding period the previous year in brackets)

· Revenues of MNOK 989.5 (MNOK 542.2) in Q4 2019, an increase of 82.5% (7.2%)

compared to Q4 2018. Hemtex AB contributed with an increase of MNOK 387.5 in

revenues for the quarter. For the full year, revenues amounted to MNOK 2342.2*

(MNOK 1466.7), up 59.7% (6.2%) from 2018.

· Gross margin was 60.1% (60.4%) in Q4 and 60.5% (60.9%) for the full year.

· Adjusted EBITDA in Q4 was MNOK 299.1 and MNOK 229.3 (MNOK 141.3) exclusive

of IFRS 16 effects. For the full year, adjusted EBITDA was MNOK 581.0 and MNOK

354.4 (MNOK 250.2) exclusive of IFRS 16 effects. Hemtex AB contributed MNOK 70.3

in Q4 exclusive of IFRS 16 effects. EBITDA is adjusted for transaction and

integrations cost of MNOK 1.6 in Q4 and MNOK 14.1 for the full year.

· Adjusted EPS exclusive of IFRS 16 effects increased to NOK 5.76 (3.79) for

the full year.

· For Kid Interior, revenues were MNOK 602.0 (MNOK 542.2) in the fourth

quarter, representing a revenue growth of 11.0% (7.2%) and like-for-like growth

of 8.8% (5.3%). Gross margin was 61.2% (60.4%) and EBITDA exclusive of IFRS 16

effects was MNOK 166.2 (MNOK 141.3). Kid Interior increased its market share to

36.5% (34.7%) for the twelve months ending 31.08.2019

· For Hemtex, revenues were MNOK 387.5 in the fourth quarter, representing a

revenue growth of 19.6%** and like-for-like** growth of 22.0%. Gross margin was

60.3% and EBITDA exclusive of IFRS 16 effects was MNOK 70.3.

* Hemtex AB figures are included in the group accounts from 15.May 2019

** Calculated in constant currency.

ENQUIRIES

Henrik Frisell, CFO Kid, +47 480 48 800