Kid ASA - Earnings Release 2017 | FinancialReports.eu

KID ASA - FOURTH QUARTER 2017 RESULTS

Lier, 13 February 2018: The board of directors of Kid ASA has approved the

financial report for the fourth quarter of 2017.

Q4 HIGHLIGHTS (Figures from corresponding period the previous year in brackets)

· Revenues of MNOK 505.5 (MNOK 483.8) in Q4 2017, an increase of 4.5% (11.7%).

For the full year, revenues amounted to MNOK 1381.7 (MNOK 1293.9), up 6.8%

(8.9%) from 2016. The number of ordinary shopping days in the fourth quarter was

76 (78), and for the full year 303 (306).

· Like-for-like sales decreased by -0.2% (+8.9%) in the quarter and increased

by 3.1% (5.9%) for the full year.

· Gross margin was 59.7% (59.7%) in Q4 and 60.4% (60.2%) for the full year.

· EBITDA was MNOK 125.2 (MNOK 118.3) in Q4. For the full year, EBITDA was MNOK

214.5 (MNOK 201.1). There were no EBITDA adjustments in the period from Q1 2016

to Q4 2017.

· Adjusted EPS increased to NOK 3.12 (2.94) for the last twelve months.

· The board of directors will propose a half-year dividend of NOK 1,30 per

share to the general annual meeting to be held on May 8th 2018.

· The index for sale of home textiles in Q4 2017 in specialised stores in

Norway increased by 13.1% compared to 4.5% for Kid, according to Statistics

Norway. For the full year, the corresponding figure was 9.7% compared to 6.8%

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

market growth of 1.8% for the twelve months ending 31.08.2017. For the same

period, Kid increased revenues by 8.2%.

· New stores opened in Ski Storsenter (Oslo) and Leknes (Lofoten) during Q4.

The store at Skedsmo Senter (Skedsmo) was relocated. The total number of

physical stores at the end of the quarter was 140 (134).

ENQUIRIES

Kjersti Hobøl, CEO Kid, +47 918 35 965

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

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