Kid ASA

Earnings Release • Nov 14, 2018

KID ASA - THIRD QUARTER 2018 RESULTS

KID ASA - THIRD QUARTER 2018 RESULTS

Lier, 14 November 2018: The board of directors of Kid ASA has approved the

financial report for the third quarter of 2018.

Q3 HIGHLIGHTS (Figures from corresponding period the previous year in brackets)

· Revenues of MNOK 368.1 (MNOK 343.8) in Q3 2018, an increase of 7.1% (9.5%).

The number of ordinary shopping days in the third quarter was 78, compared to 79

days last year. For the first three quarters of 2018, revenues amounted to MNOK

924.5 (MNOK 876.1), up 5.5% (7.3%) from 2017. The number of ordinary shopping

days for the first three quarters was 226 (227).

· Like-for-like sales increased by 5.6% (5.1%) in the quarter and increased by

2.2% (4.3%) for the first three quarters.

· Gross margin of 63.1% (60.8%) in Q3 and 61.2% (60.8%) for the first three

quarters. The gross margin was positively affected by a lower hedged USDNOK in

Q3 compared to last year.

· EBITDA of MNOK 78.9 (MNOK 60.5) in Q3. For the first three quarters, EBITDA

was MNOK 108.9 (MNOK 89.3).

· Adjusted EPS increased to NOK 3.45 (2.99) for the last twelve months.

· The index for sale of home textiles in Q3 2018 in specialised stores in

Norway increased by 2.5% compared to an increase of 7.1% for Kid, according to

Statistics Norway. The latest accurate market statistic based on tax returns

data show a market growth of 0.8% for the twelve months ending 30.06.2018. For

the same period, Kid increased revenues by 5.7% and the market share to 34.2%

(32.7%).

· There were no changes in the store portfolio during the quarter. The total

number of physical stores at the end of the quarter was 140 (138).

· Strong pipeline for new stores. Jærhagen (Klepp), Lagunen (Bergen) and City

Lade (Trondheim) opens during Q4-2018. CC Vest (Akershus) will open during Q1

-2019. Stores in Kløverhuset (Bergen) and Laksevåg (Bergen) will close during Q1

-2019.

ENQUIRIES

Petter Schouw-Hansen, CFO Kid, +47 482 24 534