Kid ASA - Earnings Release 2018 | FinancialReports.eu

KID ASA - FIRST QUARTER 2018 RESULTS

Lier, 09 May 2018: The board of directors of Kid ASA has approved the financial

report for the first quarter of 2018.

Q1 HIGHLIGHTS (Figures from corresponding period the previous year in brackets)

· Revenues of MNOK 274.9 (MNOK 253.9) in Q1 2018, an increase of 8.3% (10.1%).

The number of ordinary shopping days in the first quarter was 75, compared to 77

days last year due to the timing of Easter. For the period January through April

2018, sales increased by 6.6% (7.7%). The number of ordinary shopping days for

the first four months of 2018 was 99 (99).

· Like-for-like sales increased by 3.3% (+7.6%).

· Gross margin of 58.4% (59.9%).

· EBITDA of MNOK 9.9 (MNOK 7.2).

· Adjusted EPS increased to NOK 3.15 (3.05) for the last twelve months.

· The index for sale of home textiles in Q1 2018 in specialised stores in

Norway increased by 3.2% compared to 8.3% for Kid, according to Statistics

Norway. The latest accurate market statistic based on tax returns data show a

market growth of 1.1% for the twelve months ending 31.12.2017. For the same

period, Kid increased revenues by 6.8% and the market share to 33.7% (31.9%).

· The store at Liertoppen Senter (Lier) and Dikeveien (Fredrikstad) were

relocated during Q1. The store at Straen Senter (Stavanger) was closed in the

beginning of the quarter. The total number of physical stores at the end of the

quarter was 139 (134).

ENQUIRIES

Kjersti Hobøl, CEO Kid, +47 918 35 965

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

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