Kid ASA - Earnings Release 2017 | FinancialReports.eu

KID ASA - THIRD QUARTER 2017 RESULTS

Lier, 14 November 2017: The board of directors of Kid ASA has approved the

financial report for the third quarter of 2017.

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

· Revenues of MNOK 343.8 (MNOK 314.1) in Q3 2017, an increase of 9.5% (9.2%).

For the first three quarters of 2017, revenues amounted to MNOK 876.1 (MNOK

810.1), up 8.2% (8.2%) from 2016. The number of ordinary shopping days in the

third quarter was 79 (79), and for the three first quarters 227 (228).

· Like-for-like sales increased by 5.1% (6.7%) in the quarter and 5.1% (4.3%)

for first three quarters.

· Gross margin was 60.8% (61.1%) in Q3 and 60.8% (60.5%) for the first three

quarters.

· EBITDA of MNOK 60.5 (MNOK 58.1) in Q3. For the first three quarters, EBITDA

was MNOK 89.3 (MNOK 82.7). There were no EBITDA adjustments in the period from

Q1 2016 to Q3 2017.

· Adjusted EPS increased to NOK 2.99 (2.45) for the last twelve months.

· The Board of Directors have made a resolution to pay out NOK 1.00 per share

in half-year dividend in November 2017 (33% of adjusted net income for last

twelve months). The dividend is in line with the current dividend policy whereby

60-70% of annual adjusted net profit are distributed as dividends.

· The index for sale of home textiles in Q3 2017 in specialised stores in

Norway increased by 9.5%, according to Statistics Norway. For the first three

quarters of 2017, the corresponding figure was 7.9%.

· A new store opened in Pilestredet (Oslo) during Q3. The store at AMFI

Eidsvoll (Eidsvoll) was relocated. The total number of physical stores at the

end of the quarter was 138 (133).

ENQUIRIES

Kjersti Hobøl, CEO Kid, +47 918 35 965

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

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