Kid ASA

Earnings Release • Nov 10, 2016

KID ASA - THIRD QUARTER 2016 RESULTS

KID ASA - THIRD QUARTER 2016 RESULTS

Lier, 10 November 2016: The board of directors of Kid ASA

has approved the financial report for the third quarter of

Q3 HIGHLIGHTS (Figures from corresponding period the

previous year in brackets)

- Revenues of MNOK 314.1 (MNOK 287.6), an increase of 9.2%.

The growth in August was very strong due to normalized

weather in 2016 compared to 2015. The number of shopping

days in the quarter was 79 (79).

- Kid continue to gain market share. The sale of home

textiles in Q3 2016 in specialised stores in Norway

increased by 2.7%, according to Statistics Norway.

- Like-for-like (LFL) sales increased by +6.7% in the

quarter and +4.2% YTD compared to the same periods in 2015.

- Gross margin after realised currency effects of 59.1%

(60.8%) in Q3. Please see the financial review in the

enclosed report for further description of the gross margin

development.

- Adjusted EBITDA of MNOK 51.6 (MNOK 48.6) in Q3.

- New stores were opened in Bekkestua (Oslo) and Knarvik.

The store at Slependen (Oslo) was closed in accordance with

plan. The total number of physical stores at the end of the

quarter was 133.

ENQUIRIES

Kjersti Hobøl, CEO Kid, +47 918 35 965

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