Kid ASA

Earnings Release • Aug 16, 2018

KID ASA - SECOND QUARTER 2018 RESULTS

KID ASA - SECOND QUARTER 2018 RESULTS

Lier, 16 August 2018: The board of directors of Kid ASA has approved the

financial report for the first quarter of 2018.

Q2 HIGHLIGHTS

(Figures from corresponding period the previous year in brackets)

· Revenues of MNOK 281.5 (MNOK 278.4) in Q2 2018, an increase of 1.1% (4.9%).

The number of ordinary shopping days in the second quarter was 73, compared to

71 days last year due to the timing of Easter. Revenues from seasonal products

increased by 16% in the quarter. For the first two quarters of 2018, revenues

amounted to MNOK 556.4 (MNOK 532.3), up 4.5% (7.3%) from 2017. The number of

ordinary shopping days for the first two quarters was 148 (148).

· Like-for-like sales decreased by -2.7% (+2.8%) in the quarter and increased

by 0.1% (5.1%) for the first two quarters.

· Gross margin of 61.5% (61.6%) in Q2 and 60.0% (60.8%) for the first two

quarters.

· EBITDA of MNOK 20.1 (MNOK 21.6) in Q2. For the first two quarters, EBITDA

was MNOK 30.0 (MNOK 28.8).

· Adjusted EPS increased to NOK 3.09 (2.97) for the last twelve months.

· The index for sale of home textiles in Q2 2018 in specialised stores in

Norway decreased by -4.4% compared to an increase of +1.1% for Kid, according to

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

data show a market growth of 1.8% for the twelve months ending 28.02.2018. For

the same period, Kid increased revenues by 6.8% and the market share to 33.8%

(32.2%).

· A new store opened at Forus (Stavanger) during Q2. The stores at Sortland

and Rosenlund (Lillehammer) were relocated, and the stores at Mosenteret (Mo i

Rana), AMFI Borg (Sarpsborg), AMFI Namsos (Namsos), Horisont (Bergen) and AMFI

Svolvær (Svolvær) were refurbished in Q2. The total number of physical stores at

the end of the quarter was 140 (134).

ENQUIRIES

Kjersti Hobøl, CEO Kid, +47 918 35 965

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