Kid ASA

Earnings Release • Feb 11, 2016

KID ASA - FOURTH QUARTER 2015 RESULTS

KID ASA - FOURTH QUARTER 2015 RESULTS

Lier, 11 February 2015: The board of directors of Kid ASA

has approved the financial report for the fourth quarter of

Q4 HIGHLIGHTS

(Figures from Q4-2014 in brackets)

- Revenues increased by +8.5% to NOK 433.1 million (NOK

399.3 million)

- Like-for-like sales increased by 3.2%

- Online sales increased by 53.6%

- Opened two new stores

- Gross margin of 60.3%

- Adjusted EBITDA of 99.6 MNOK (95.2 MNOK)

- The Board of Directors proposes a dividend of NOK 1.50 per

share for 2015

Please find the fourth quarter report and presentation

enclosed.

"We are proud to deliver solid results for the fourth

quarter and the full year 2015. Despite facing challenges

related to increased USDNOK levels, relocation of our

administration and warehouse function in June, unfavourable

weather conditions during the summer period and completing

the IPO in November, we still managed to outperform the

market in 2015 by 5.4 percentage points. We continued to

build a solid platform for further development and growth"

says Kjersti Hobøl (CEO)

ENQUIRIES

Kjersti Hobøl, CEO Kid, +47 918 35 965

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

ABOUT KID ASA

Kid is the largest and most profitable retailer in the

Norwegian home textile market, typified by products like

duvets, pillows, curtains, bed linens and other accessories

and decorating items. As of 31 December 2015, Kid operated a

total of 130 wholly-owned stores in Norway, in addition to

an established e-commerce platform. Kid traces its history

back to 1937, and has since the 1950s renewed Norwegian

homes by offering attractive and practical curtains, bed

linens and other interior articles. Kid is among the best

known brands within retail in Norway, with 97% of Norwegian

women being familiar with the company. Kid has approximately

900 employees, and its headquarters is located in Lier,

Norway. For more information visit www.kid.no

This information is subject to the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading

Act.