Kid ASA — Earnings Release 2016

Feb 13, 2017

KID ASA - FOURTH QUARTER 2016 RESULTS

KID ASA - FOURTH QUARTER 2016 RESULTS

Lier, 13 February 2017: The board of directors of Kid ASA

has approved the financial report for the fourth quarter of

Q4 AND 2016 HIGHLIGHTS

(Figures from corresponding period the previous year in

brackets)

- Revenues of MNOK 483.8 (MNOK 433.1) in Q4 2016, an

increase of 11.7%. For the full year, revenues amounted to

MNOK 1293,9 (MNOK 1188,4), up 8.9% from 2015. The number of

shopping days in the quarter was 78 (77), and for the full

year the number of shopping days was 306 (304).

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

textiles in Q4 2016 in specialised stores in Norway

increased by 6.6%, according to Statistics Norway. For the

full year 2016, the corresponding figure was 3.6%.

- Like-for-like (LFL) sales increased by +8.9% in the

quarter and +5.9% for the full year compared to the same

periods in 2015.

- Gross margin of 59.7% (59.3%) in Q4 and 60.2% (58.6%) for

the full year. Kid ASA has early adopted hedge accounting in

accordance with IFRS9 from 1.1.2015. A more detailed

description is provided in the enclosed report and

presentation.

- Adjusted EBITDA of MNOK 118.3 (MNOK 95.0) in Q4. For

the full year, adjusted EBITDA was MNOK 201.1 (MNOK 153.2),

an increase of 31.3%.

- Adjusted EPS increased to NOK 2.94 (1.98) per share in

2016. The board of directors will propose a dividend of NOK

2,00 per share to the general annual meeting to be held on

May 11th 2017.

- The board of directors will propose to the general annual

meeting that dividends are paid out two times per year going

forward, presumably in May and November, effective from

November 2017.

- A new store opened in AMFI Drøbak. The stores at Sjøkanten

(Harstad), Kongsenteret (Kongsvinger) and Tveita (Oslo) were

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

the quarter was 134 (130).

Please find the fourth quarter report and presentation

enclosed.

ENQUIRIES

Kjersti Hobøl, CEO Kid, +47 918 35 965

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