Chat with Filing

Ask questions about this document
Please log in or register to use the chat feature. Please register first.
IP - Kid ASA - Second Quarter 2025 Results - Attachment: Kid_ASA_Quarterly_Presentation_Q2_25.pdf

Company: Kid ASA Date: 2025-08-21 Language: English Register to download
Loading document preview...
Document Preview Not Available

The file type (.pdf) cannot be displayed directly here.
Open Original File
Error loading document preview. Please try the 'Open Original File' link.
You're One Click Away From The Full Filing

Instantly access this document—and 2.8M more—for free. Select your preferred method:
Continue with Google Continue with Microsoft Continue with Facebook Continue with Amazon
![](_page_0_Picture_1.jpeg)

## Second quarter in brief

- Group revenues increased by 7.3% (+10.2%) to MNOK 856.4. In constant currency:
	- Group revenues increased by 5.0% (+10.6%)
	- LFL revenues increased by 4.6% (+9.2%)
	- Online revenues increased by 5.9% (+9.8%)
- Gross margin decreased by 0.9 percentage points to 62.3% (63.2%)
- OPEX increased by 13.7% (+6.9%) impacted by the warehouse transition combined with significant currency effect
- EBITDA decreased by MNOK 12.4 to MNOK 189.1 (MNOK 201.5)
- Net income is impacted by an impairment of right-of-use asset of MNOK 25.0 and disagio of MNOK 8.8
- EPS of NOK -0.07 (NOK 1.19)

![](_page_1_Picture_11.jpeg)

- Following the acquisition of Hemtex in 2019, The Kid Group has been operating with two distinct warehouse and logistical setups; One serving Norway, and one serving Sweden, Finland and Estonia
- To capitalise upon operational synergies and enhance efficiency, it was in 2023 decided to expand the facilities in Sweden, establishing one central warehouse for the Group
- The investment also addressed capacity constraints in the Norwegian warehouse, which has been strained by several years of strong growth. The new facility lays a critical foundation for Kid Group's continued expansion
- Construction was completed on schedule, and the new 57,000 square meter common warehouse became operational during second quarter 2025
- Significant efforts have gone into building a robust organization capable of serving all markets – across both physical and online channels - from a single location. A total of 100 new employees have been recruited and trained to operate the automated warehouse facility
- The transition to the new setup has introduced some temporary efficiency challenges, leading to lower store inventory and delayed online deliveries
- The performance is improving gradually, even though it still will take some time before all solutions work seamlessly together and the full saving potential is materialising

![](_page_2_Picture_8.jpeg)

# Second quarter in brief

- Categories launched since 2022 accounted for MNOK 25.0 (MNOK 22.5) in revenues
- Revenues were positively impacted by the timing of Easter and strong seasonal product sales compared to last year, partially offset by fewer shopping days in the Norwegian market
- Opened four new stores during the quarter; one Kid Interior store and three Hemtex stores
- Completed 15 store projects, six in Kid Interior and five in Hemtex, including four Extended stores in Norway during the quarter
- Signed the fifteenth Extended store in Norway, completing Kid Interior's stated ambition of 15 stores
- Kid Group is actively contributing to the development of cost-efficient, competition-neutral textile return schemes through Tekstilpro AS

![](_page_3_Picture_8.jpeg)

Group revenues Q2 increased by 7.3% to MNOK 856.4

- In constant currency:
	- Group revenues increase of 5.0% (+10.6%)
	- Group like-for-like revenues increase of 4.6% (+9.2%) including online sales
	- Online growth of 5.9% (+9.8%), equivalent to an online share of 12.2% (12.1%). Including click-and-collect, the online share was 18.8% (17.3%)
- Kid Interior revenue growth of 7.1% (+11.0%)
	- Like-for-like growth of 5.7% (+9.5%) including online sales
	- Online sales increased by 2.8% (+15.4%)
- Hemtex revenue growth of 7.7% (+8.8%). In constant currency:
	- Revenues growth of 1.7% (+9.9%)
	- Like-for-like growth of 2.7% (+8.7%) including online sales
	- Online sales increased by 9.9% (+3.1%)

![](_page_4_Figure_13.jpeg)

![](_page_4_Figure_14.jpeg)

Kid Interior Hemtex

## 5 Kid ASA – Q2 presentation

Robust gross margin impacted by higher share of freight

- Group gross margin was 62.3% for the quarter
	- Kid Interior gross margin decreased by -0.9pp to 62.4% (63.3%)
	- Hemtex gross margin decreased by -0.9pp to 62.3% (63.2%)
- The reduction in gross margin this quarter compared to previous year is attributed to several factors
	- Increased proportion of freight costs in the cost of goods sold
	- The margin last year was positively impacted by early price adjustments

![](_page_5_Figure_8.jpeg)

![](_page_5_Picture_9.jpeg)

# OPEX-TO-SALES (excl. IFRS 16) of 53.7% (50.7%)

- Employee benefit expenses increased by MNOK 19.1
	- General salary increase and increased number of working hours in stores, in addition to net new stores
	- Increased hours in the logistics due to increased activity level and transition of the warehouse setup for Kid Group
	- MNOK 4.3 increase due to changes in SEKNOK exchange rate
- Other operating expenses increased by MNOK 22.6
	- Increase is mainly driven by costs related to the activity level, in addition to increased store portfolio in terms of square meters
	- Logistics increase due to activity level and transition of the new warehouse setup
	- MNOK 3.6 increase due to changes in SEKNOK exchange rate
- Approximately MNOK 9 was booked as other OPEX and rental costs during the quarter, and these costs are considered non-recurring
	- These costs are related to the commencement of the new common warehouse

![](_page_6_Figure_12.jpeg)

![](_page_6_Figure_13.jpeg)

Personell Other Opex

![](_page_6_Figure_15.jpeg)

![](_page_6_Figure_16.jpeg)

![](_page_6_Picture_17.jpeg)

![](_page_7_Figure_1.jpeg)

Kid Interior Hemtex

![](_page_7_Picture_3.jpeg)

![](_page_8_Figure_1.jpeg)

# Cash flow development in Q2

- Cash flow from operations was positive by MNOK 105.4 due to effects from working capital changes
	- Positive effect from inventory in Q2-25
	- Positive effect from change in trade payable
- Cash flow from investments reflects mainly CAPEX relating to store openings, store projects, IT initiatives and the warehouse project in Sweden
- Cash flow from financing represents lease payments, net interests, use of credit facilities and payment of dividend

![](_page_9_Figure_2.jpeg)

| Description | Term loan  | Revolving credit facility | Overdraft facility | Cash and deposits |
|-------------|------------|---------------------------|--------------------|-------------------|
| Maturity*   | 30.03.2028 | 30.03.2028                | 12 months          | n.a.              |

\*Two optional one-year extension periods. If both options are exercised, the latest possible maturity date will be 30 March 2030.

## Robust financial position

• Cash and available credit facilities of MNOK

265.5 (MNOK 357.5), including an unused term-loan facility of MNOK 148

- Net interest-bearing debt excl. IFRS 16 leasing liabilities of MNOK 964.7 (MNOK 756.0)
- Gearing ratio, excl. IFRS 16 effects, of 1.65x (1.22x)

|                             | Completed<br>2025 per quarter-end                                                                                                     | Signed, but not yet completed                                                                                                                     |
|-----------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|
| New stores                  | NO:<br>Grünerløkka, Oslo<br>SE:<br>Hansa, Malmö<br>FI:<br>Matkus, Kuopio<br>FI:<br>Sello, Helsinki<br>FI:<br>Mall of Tripla, Helsinki | NO:<br>Bryn, Oslo (Q3-25)<br>NO:<br>Otta (Q4-25)<br>SE:<br>Mölndal<br>Centrum, Göteborg (Q1-26)                                                   |
| Closures                    |                                                                                                                                       | NO:<br>1 store (Q3 25)                                                                                                                            |
| Relocations                 | NO:<br>3 stores<br>SE:<br>3 stores<br>FI:<br>1 store                                                                                  | NO:<br>1 store<br>SE:<br>2 stores                                                                                                                 |
| Refurbishment/<br>expansion | NO:<br>6 stores<br>SE:<br>4 stores                                                                                                    | NO:<br>5 stores<br>SE:<br>2 stores                                                                                                                |
| Extended                    | NO:<br>Alna, Oslo<br>NO:<br>City Nord, Bodø<br>NO:<br>Strandtorget, Lillehammer<br>NO:<br>Jekta, Tromsø                               | NO:<br>Lagunen, Bergen (Q4-25)<br>NO:<br>1 Extended store** (Q1-26)<br>SE:<br>Barkarby Gate, Barkarby (Q4-25)<br>SE:<br>1 Extended store**(Q1-26) |

![](_page_10_Figure_3.jpeg)

- In H2-25, we have planned five store projects in Kid Interior and three in Hemtex. These projects include a combination of refurbishment, enlargement and relocation. In addition, two Extended stores—one in Norway and one in Sweden—are scheduled to open
- Digital pilot of launching the Hemtex brand to Germany and other EU markets progressing a planned, with expected launch Q4-25
- The focus in the coming periods will be to continue ramping up operations and implementing more automation solutions in the new warehouse, with regards to increasing capacity, efficiency and store inventory

![](_page_11_Picture_4.jpeg)

![](_page_11_Picture_5.jpeg)

![](_page_12_Picture_0.jpeg)

![](_page_12_Picture_1.jpeg)

### **KID Interior**

| (Amounts<br>in NOK millions)                  | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | FY 2024 |
|-----------------------------------------------|---------|---------|---------|---------|---------|
| Revenue                                       | 535.9   | 500.4   | 988.3   | 938.1   | 2,337.5 |
| Revenue growth                                | 7.1 %   | 11.0 %  | 5.4 %   | 12.1 %  | 10.1 %  |
| LFL growth<br>including<br>online<br>sales    | 5.7 %   | 9.5 %   | 3.9 %   | 11.1 %  | 8.5 %   |
| COGS                                          | -201.8  | -183.8  | -379.8  | -352.1  | -892.3  |
| Gross profit                                  | 334.2   | 316.6   | 608.5   | 586.0   | 1,445.1 |
| Gross margin (%)                              | 62.4 %  | 63.3 %  | 61.6 %  | 62.5 %  | 61.8 %  |
| Other<br>operating revenue                    | 0.3     | 0.3     | 0.4     | 0.3     | 0.3     |
| Employee<br>benefits<br>expense               | -118.7  | -107.0  | -237.0  | -218.7  | -478.8  |
| Other<br>operating expense                    | -143.8  | -118.3  | -278.0  | -236.6  | -495.4  |
| Other<br>operating expense - IFRS 16 effect   | 60.8    | 54.4    | 120.7   | 106.6   | 214.2   |
| EBITDA                                        | 132.8   | 146.0   | 214.6   | 237.6   | 685.4   |
| EBITDA margin (%)                             | 24.8 %  | 29.2 %  | 21.7 %  | 25.3 %  | 29.3 %  |
| No. of<br>shopping<br>days                    | 7 1     | 7 3     | 147     | 148     | 307     |
| No. of<br>physical<br>stores at period<br>end | 159     | 158     | 159     | 158     | 158     |

*The principle for allocating logistics costs and balance sheet items between Kid Interior and Hemtex was changed in February 2025 following the implementation of the new common warehouse. Consequently, the figures are not fully comparable on segment level.*

![](_page_13_Picture_4.jpeg)

### **Hemtex**

| (Amounts<br>in NOK millions)                                          | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | FY 2024 |
|-----------------------------------------------------------------------|---------|---------|---------|---------|---------|
| Revenue                                                               | 320.4   | 297.4   | 601.7   | 556.2   | 1,447.5 |
| ¹<br>Revenue growth                                                   | 1.7 %   | 9.9 %   | 3.7 %   | 11.9 %  | 9.9 %   |
| ¹<br>LFL growth<br>including<br>online<br>sales                       | 2.7 %   | 8.7 %   | 3.7 %   | 11.6 %  | 9.3 %   |
| COGS                                                                  | -120.8  | -109.6  | -232.1  | -209.5  | -550.9  |
| Gross profit                                                          | 199.6   | 187.8   | 369.6   | 346.7   | 896.6   |
| Gross margin (%)                                                      | 62.3 %  | 63.2 %  | 61.4 %  | 62.3 %  | 61.9 %  |
| Other<br>operating revenue                                            | 1.0     | 1.0     | 1.8     | 1.8     | 4.6     |
| Employee<br>benefits<br>expense                                       | -80.0   | -72.6   | -153.2  | -139.8  | -304.2  |
| Other<br>operating expense                                            | -117.5  | -106.8  | -229.8  | -209.8  | -437.4  |
| Other<br>operating expense - IFRS 16 effect                           | 53.2    | 46.0    | 101.5   | 89.4    | 182.1   |
| EBITDA                                                                | 56.3    | 55.5    | 89.9    | 88.4    | 341.6   |
| EBITDA margin (%)                                                     | 17.5 %  | 18.6 %  | 14.9 %  | 15.8 %  | 23.5 %  |
| No. of<br>shopping<br>days                                            | 9 0     | 9 0     | 179     | 180     | 363     |
| No. of<br>physical<br>stores at period<br>end<br>(excl.<br>franchise) | 123     | 117     | 123     | 117     | 119     |

*¹ Calculated in local currency*

*The principle for allocating logistics costs and balance sheet items between Kid Interior and Hemtex was changed in February 2025 following the implementation of the new common warehouse. Consequently, the figures are not fully comparable on segment level.*

![](_page_14_Picture_5.jpeg)

| (Amounts<br>in NOK thousand)                    | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | FY 2024  |
|-------------------------------------------------|---------|---------|---------|---------|----------|
| Revenue                                         | 856.4   | 797.8   | 1,590.1 | 1,494.3 | 3,784.9  |
| COGS                                            | -322.5  | -293.4  | -611.9  | -561.6  | -1,443.2 |
| Gross profit                                    | 533.8   | 504.5   | 978.1   | 932.7   | 2,341.7  |
| Gross margin (%)                                | 62.3 %  | 63.2 %  | 61.5 %  | 62.4 %  | 61.9 %   |
| Other<br>operating revenue                      | 1.3     | 1.3     | 2.2     | 2.2     | 4.8      |
| OPEX                                            | -346.1  | -304.3  | -675.9  | -608.9  | -1,319.6 |
| EBITDA                                          | 189.1   | 201.5   | 304.4   | 326.0   | 1,027.0  |
| EBITDA margin (%)                               | 22.0 %  | 25.2 %  | 19.1 %  | 21.8 %  | 27.1 %   |
| Depreciation and<br>amortisation                | -144.7  | -118.2  | -276.3  | -233.1  | -471.7   |
| EBIT                                            | 44.4    | 83.3    | 28.1    | 92.9    | 555.3    |
| EBIT margin (%)                                 | 5.2 %   | 10.4 %  | 1.8 %   | 6.2 %   | 14.7 %   |
| Net finance                                     | -40.7   | -23.1   | -62.6   | -43.0   | -90.5    |
| Share<br>of<br>result<br>from<br>joint ventures | 3.2     | -0.9    | 1.7     | -1.5    | 33.3     |
| Profit<br>before<br>tax                         | 6.9     | 59.3    | -32.9   | 48.4    | 498.1    |
| Net profit                                      | 5.8     | 48.4    | -26.2   | 39.3    | 398.6    |

![](_page_15_Picture_2.jpeg)

| (Amounts<br>thousand)<br>in<br>NOK                                       | Note   | 30.06.2025 | 30.06.2024 | 31.12.2024 |
|--------------------------------------------------------------------------|--------|------------|------------|------------|
| Assets                                                                   |        | Unaudited  | Unaudited  | Audited    |
| Goodwill                                                                 | 9      | 73,542     | 69,497     | 71,298     |
| Trademark                                                                | 9      | 1,516,460  | 1,513,331  | 1,514,724  |
| Other<br>intangible<br>assets                                            | 9      | 63,752     | 45,226     | 54,934     |
| Deferred<br>tax asset                                                    |        | 13,406     | 9,232      | 0          |
| Total<br>intangible<br>assets                                            |        | 1,667,159  | 1,637,286  | 1,640,955  |
| Right<br>of<br>use asset                                                 | 9      | 1,337,115  | 1,199,167  | 1,198,483  |
| Fixtures<br>and<br>fittings,<br>tools,<br>office<br>machinery<br>and     |        |            |            |            |
| equipment                                                                | 9      | 449,438    | 328,862    | 383,495    |
| Total<br>tangible<br>assets                                              |        | 1,786,553  | 1,528,029  | 1,581,977  |
| Investments<br>in<br>associated<br>companies<br>and<br>joint<br>ventures | 1<br>0 | 4,366      | 0          | 34,331     |
| in<br>shares<br>Investment                                               | 1<br>1 | 5          | 0          | 0          |
| to associated<br>and<br>Loans<br>companies<br>joint<br>ventures          | 8      | 0          | 69,990     | 0          |
| Total<br>financial<br>fixed<br>assets                                    |        | 4,371      | 69,990     | 34,331     |
| Total<br>fixed<br>assets                                                 |        | 3,458,083  | 3,235,304  | 3,257,264  |
| Inventories                                                              |        | 833,415    | 759,889    | 775,911    |
| Trade<br>receivables                                                     |        | 37,754     | 27,274     | 31,511     |
| Other<br>receivables                                                     |        | 84,025     | 41,421     | 52,794     |
| Derivatives                                                              |        | 28,856     | 42,438     | 76,057     |
| Totalt<br>receivables                                                    |        | 150,635    | 111,133    | 160,362    |
| Cash<br>and<br>bank<br>deposits                                          |        | 0          | 0          | 228,534    |
| Total<br>currents assets                                                 |        | 984,050    | 871,021    | 1,164,807  |
| Total<br>assets                                                          |        | 4,442,135  | 4,106,325  | 4,422,070  |

| (Amounts<br>thousand)<br>in<br>NOK          | Note | 30.06.2025 | 30.06.2024 | 31.12.2024 |
|---------------------------------------------|------|------------|------------|------------|
| Equity<br>and<br>liabilities                |      | Unaudited  | Unaudited  | Audited    |
|                                             |      |            |            |            |
| Share<br>capital                            |      | 48,770     | 48,770     | 48,770     |
| Share<br>premium                            |      | 321,050    | 321,050    | 321,050    |
| Other<br>paid-in-equity                     |      | 64,617     | 64,617     | 64,617     |
| Total<br>paid-in-equity                     |      | 434,440    | 434,440    | 434,440    |
| Other<br>equity                             |      | 807,017    | 818,593    | 1,103,886  |
| Total<br>equity                             |      | 1,241,457  | 1,253,033  | 1,538,326  |
| Deferred<br>tax                             |      | 298,359    | 319,576    | 322,628    |
| Total<br>provisions                         |      | 298,359    | 319,576    | 322,628    |
| liabilities<br>Lease                        |      | 1,018,533  | 893,652    | 891,620    |
| Liabilities<br>to financial<br>institutions | 6    | 751,971    | 681,541    | 461,668    |
| Total<br>long-term<br>liabilities           |      | 1,770,503  | 1,575,193  | 1,353,288  |
| liabilities<br>Lease                        |      | 392,593    | 343,063    | 354,093    |
| Liabilities<br>to financial<br>institutions | 6    | 212,755    | 74,477     | 30,000     |
| Trade<br>payable                            |      | 133,804    | 182,136    | 235,910    |
| payable<br>Tax                              |      | 16,165     | 0          | 84,699     |
| Public<br>duties<br>payable                 |      | 147,575    | 127,356    | 228,109    |
| Other<br>short-term<br>liabilities          |      | 169,434    | 220,351    | 274,851    |
| Derivatives                                 |      | 59,491     | 11,143     | 169        |
| Total<br>short-term<br>liabilities          |      | 1,131,817  | 958,527    | 1,207,831  |
| Total<br>liabilities                        |      | 3,200,679  | 2,853,296  | 2,883,746  |
| Total<br>equity<br>and<br>liabilities       |      | 4,442,135  | 4,106,325  | 4,422,070  |

|                                                                                                                                                          |                    |                    |                    |                    |            |                    |            |                     | Total<br>year       | Total<br>year       |
|----------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------|--------------------|--------------------|--------------------|------------|--------------------|------------|---------------------|---------------------|---------------------|
| (MNOK)                                                                                                                                                   | Q1<br>2025         | Q1<br>2024         | Q2<br>2025         | Q2<br>2024         | Q3<br>2025 | Q3<br>2024         | Q4<br>2025 | Q4<br>2024          | 2025                | 2024                |
| Kid<br>and<br>Kid<br>ASA<br>Interior<br>allocated<br>employee<br>Segment<br>benefits<br>expense<br>allocated<br>other<br>operating<br>Segment<br>expense | 9<br>5<br>2<br>8   | 0<br>4<br>1<br>2   | 0<br>7<br>2<br>8   | 3<br>4<br>1<br>3   |            | 3<br>4<br>1<br>3   |            | 11<br>1<br>1<br>1   | 12<br>9<br>5<br>6   | 23<br>7<br>4<br>9   |
| Hemtex<br>allocated<br>employee<br>Segment<br>benefits<br>expense<br>allocated<br>other<br>operating<br>Segment<br>expense                               | 9<br>-5<br>-2<br>8 | 0<br>-4<br>-1<br>2 | 0<br>-7<br>-2<br>8 | 3<br>-4<br>-1<br>3 |            | 3<br>-4<br>-1<br>3 |            | -11<br>1<br>-1<br>1 | -12<br>9<br>-5<br>6 | -23<br>7<br>-4<br>9 |

![](_page_17_Picture_2.jpeg)

| Group                   |           |           | Kid<br>Interior |           |                         |           |           |           |           |                         |            |           |           |           |
|-------------------------|-----------|-----------|-----------------|-----------|-------------------------|-----------|-----------|-----------|-----------|-------------------------|------------|-----------|-----------|-----------|
| Total<br>growth         |           |           |                 |           | Total<br>growth         |           |           |           |           | Total<br>growth         |            |           |           |           |
| Year                    | Q1        | Q2        | Q3              | Q4        | Year                    | Q1        | Q2        | Q3        | Q4        | Year                    | Q1         | Q2        | Q3        | Q4        |
| 2021                    | 10.4<br>% | 3.9<br>%  | 3.6<br>%        | 2.5<br>%  | 2021                    | 13.6<br>% | 1.7<br>%  | -3.9<br>% | -1.0<br>% | 2021                    | 6.4<br>%   | 7.7<br>%  | 17.4<br>% | 9.0<br>%  |
| 2022                    | 9.3<br>%  | 8.8<br>%  | 0.5<br>%        | 2.1<br>%  | 2022                    | 12.5<br>% | 8.9<br>%  | 1.4<br>%  | 2.3<br>%  | 2022                    | 4.8<br>%   | 8.8<br>%  | -1.0<br>% | 1.7<br>%  |
| 2023                    | -1.3<br>% | -2.5<br>% | 12.1<br>%       | 10.2<br>% | 2023                    | 5.2<br>%  | -1.1<br>% | 13.1<br>% | 9.3<br>%  | 2023                    | -10.9<br>% | -4.8<br>% | 10.5<br>% | 11.9<br>% |
| 2024                    | 13.7<br>% | 10.6<br>% | 4.4<br>%        | 11.7<br>% | 2024                    | 13.4<br>% | 11.0<br>% | 8.7<br>%  | 8.8<br>%  | 2024                    | 14.3<br>%  | 9.9<br>%  | -2.3<br>% | 16.2<br>% |
| 2025                    | 4.4<br>%  | 5.0<br>%  |                 |           | 2025                    | 3.3<br>%  | 7.1<br>%  |           |           | 2025                    | 6.1<br>%   | 1.7<br>%  |           |           |
|                         |           |           |                 |           |                         |           |           |           |           |                         |            |           |           |           |
| Like-for-like<br>growth |           |           |                 |           | Like-for-like<br>growth |           |           |           |           | Like-for-like<br>growth |            |           |           |           |
| Year                    | Q1        | Q2        | Q3              | Q4        | Year                    | Q1        | Q2        | Q3        | Q4        | Year                    | Q1         | Q2        | Q3        | Q4        |
| 2021                    | 9.3<br>%  | 2.9<br>%  | 0.1<br>%        | 0.2<br>%  | 2021                    | 10.3<br>% | -0.9<br>% | -7.1<br>% | -3.8<br>% | 2021                    | 7.8<br>%   | 9.8<br>%  | 14.6<br>% | 7.8<br>%  |
| 2022                    | 7.3<br>%  | 5.6<br>%  | -0.4<br>%       | 1.8<br>%  | 2022                    | 10.7<br>% | 5.8<br>%  | -1.0<br>% | 0.9<br>%  | 2022                    | 2.0<br>%   | 5.2<br>%  | 0.8<br>%  | 3.5<br>%  |
| 2023                    | -0.3<br>% | -3.3<br>% | 12.9<br>%       | 9.3<br>%  | 2023                    | 3.5<br>%  | -2.0<br>% | 12.7<br>% | 8.5<br>%  | 2023                    | -6.5<br>%  | -5.4<br>% | 13.3<br>% | 10.7<br>% |
| 2024                    | 13.5<br>% | 9.2<br>%  | 3.0<br>%        | 10.1<br>% | 2024                    | 12.7<br>% | 9.5<br>%  | 7.0<br>%  | 6.7<br>%  | 2024                    | 14.9<br>%  | 8.7<br>%  | -3.5<br>% | 15.7<br>% |
| 2025                    | 2.9<br>%  | 4.6<br>%  |                 |           | 2025                    | 1.8<br>%  | 5.7<br>%  |           |           | 2025                    | 4.7<br>%   | 2.7<br>%  |           |           |

### **Kid Interior Hemtex**

### **Number of sales days Number of sales days**

| Year | Q1  | Q2  | Q3  | Q4  | Total | Year | Q1  | Q2  | Q3  | Q4  | Total |
|------|-----|-----|-----|-----|-------|------|-----|-----|-----|-----|-------|
| 2024 | 7 5 | 7 3 | 7 9 | 8 0 | 307   | 2024 | 9 0 | 9 0 | 9 2 | 9 1 | 363   |
| 2025 | 7 6 | 7 1 | 7 9 | 8 0 | 306   | 2025 | 8 9 | 9 0 | 9 2 | 9 1 | 362   |

| ear | Q1 | Q2 | (3 | Q4   | Total |
|-----|----|----|----|------|-------|
| 024 | 90 | 90 | 92 | ਰੇ 1 | 363   |
| 025 | 89 | 90 | 92 | ਰੇ 1 | 362   |

### **Number of store projects Number of store projects**

| 2024                            | Q1  | Q2  | Q3  | Q4  | Total | 2024                             | Q1  | Q2  | Q3  | Q4  | Total |
|---------------------------------|-----|-----|-----|-----|-------|----------------------------------|-----|-----|-----|-----|-------|
| New stores                      | 1   | 2   | 0   | 1   | 4     | New stores                       | 0   | 2   | 0   | 2   | 3     |
| Closed<br>stores                | 1   | 1   | 0   | 1   | 3     | Closed<br>stores                 | 1   | 3   | 0   | 0   | 3     |
| Relocated<br>stores             | 4   | 2   | 2   | 2   | 1 0   | Relocated<br>stores              | 1   | 3   | 1   | 0   | 1 0   |
| Refurbished<br>stores           | 3   | 1   | 0   | 5   | 9     | Refurbished<br>stores            | 2   | 0   | 0   | 3   | 3     |
|                                 |     |     |     |     |       |                                  |     |     |     |     |       |
| Total<br>number<br>of<br>stores | 157 | 158 | 158 | 158 |       | Total<br>number<br>of<br>stores* | 129 | 128 | 128 | 130 |       |
|                                 |     |     |     |     |       |                                  |     |     |     |     |       |
|                                 |     |     |     |     |       |                                  |     |     |     |     |       |
| 2025                            | Q1  | Q2  | Q3  | Q4  | Total | 2025                             | Q1  | Q2  | Q3  | Q4  | Total |
| New stores                      | 0   | 1   |     |     | 1     | New stores                       | 1   | 3   |     |     | 4     |
| Closed<br>stores                | 0   | 0   |     |     | 0     | Closed<br>stores                 | 0   | 0   |     |     | 0     |
| Relocated<br>stores             | 1   | 4   |     |     | 5     | Relocated<br>stores              | 1   | 3   |     |     | 4     |
| Refurbished<br>stores           | 2   | 6   |     |     | 8     | Refurbished<br>stores            | 2   | 2   |     |     | 4     |
|                                 |     |     |     |     |       |                                  |     |     |     |     |       |
| Total<br>number<br>of<br>stores | 158 | 159 |     |     |       | Total<br>number<br>of<br>stores* | 131 | 134 |     |     |       |

| 24                         | Q1  | Q2  | Q3  | Q4  | Total |
|----------------------------|-----|-----|-----|-----|-------|
| w stores                   | 0   | 2   | 0   | 2   | 3     |
| osed stores                | 1   | ന   | 0   | O   | 3     |
| located stores             | 1   | ന   | 1   | O   | 10    |
| furbished stores           | 2   | o   | o   | ന   | 3     |
|                            |     |     |     |     |       |
| tal number of stores *     | 129 | 128 | 128 | 130 |       |
|                            |     |     |     |     |       |
| 25                         | Q1  | Q2  | Q3  | Q4  | Total |
| w stores                   | 1   | 3   |     |     | 4     |
| osed stores                | 0   | O   |     |     | 0     |
| located stores             | 1   | 3   |     |     | 4     |
| furbished stores           | 2   | 2   |     |     | 4     |
|                            |     |     |     |     |       |
| tal number of stores *     | 131 | 134 |     |     |       |
| tal number of LFL stores * | 115 | 115 |     |     |       |
|                            |     |     |     |     |       |

\*incl franchise stores