Kid ASA - Earnings Release 2019 | FinancialReports.eu

Revenues for the third quarter of 2019

Lier, 7 October 2019: Kid ASA today announces unaudited revenue figures for the

third quarter of 2019 (previous year in brackets). For definition of like-for

-like stores, please see latest quarterly report at http://investor.kid.no.

Segment Kid Interior

· Q3 revenues increased by +4.6% to MNOK 384.9 (MNOK 368.1). Like-for-like

sales increased by +2.0%. Online sales increased by +14.7%.

· The number of shopping days in the quarter was 79 (78).

· For the first three quarters of 2019, revenues increased by +8.6% to MNOK

1004.3 (MNOK 924.5). Like-for-like sales increased by +5.6%. Online sales

increased by +22.2%. The number of shopping days for the first three quarters

was 226 (226).

· There was one store opening and one store was refurbished during the

quarter. The total number of physical stores at the end of the quarter was 144

(140).

Segment Hemtex

· Q3 revenues increased by +11.1% to MSEK 260.5. Like-for-like sales increased

by +3.2%. Online sales increased by +30.3%.

· The number of shopping days in the quarter was 92 (92). The majority of

Hemtex' stores are open on Sundays.

· For the period May 15[th] until September 30[th] of 2019, revenues increased

by +6.7% to MSEK 378.6. Like-for-like sales increased by +3.3%. Online sales

increased by +29.6%. The number of shopping days for the first two quarters was

139 (139).

· There was one store refurbishment, two stores were relocated and four stores

were closed during the quarter. The total number of physical stores at the end

of the quarter was 136 (148).

Revenue figures for the fourth quarter of 2019 will be announced on 10 January

2020 at 07:30 (Oslo Time).

ENQUIRIES

Henrik Frisell

CFO Kid ASA

tel: +47 480 48 800

AI assistant