Kid ASA

Earnings Release • Feb 14, 2019

KID ASA - FOURTH QUARTER 2018 RESULTS

KID ASA - FOURTH QUARTER 2018 RESULTS

Lier, 14 February 2019: The board of directors of Kid ASA has approved the

financial report for the fourth quarter of 2018.

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

· Revenues of MNOK 542.2 (MNOK 505.5) in Q4 2018, an increase of 7.2% (4.5%).

The number of ordinary shopping days in the third quarter was 77, compared to 76

days last year. For the full year, revenues amounted to MNOK 1 466.7 (MNOK 1

381.7), up 6.2% (6.8%) from 2017. The number of ordinary shopping days for the

full year was 303 (303).

· Like-for-like sales increased by 5.3% (-0.2%) in the quarter and 3.1% (3.1%)

year-over-year.

· Gross margin of 60.4% (59.7%) in Q4 and 60.9% (60.4%) for the full year. The

gross margin was positively affected by a lower hedged USDNOK in Q4 compared to

last year.

· EBITDA of MNOK 141.3 (MNOK 125.2) in Q4. For the full year, EBITDA was MNOK

250.2 (MNOK 214.5).

· Adjusted EPS increased to NOK 3.79 (3.12) for the last twelve months.

· The board of directors will propose a half-year dividend of NOK 2,00 per

share to the annual general meeting to be held on May 21st 2019. Kid also paid a

half-year dividend of NOK 1,20 per share in November 2018. In total, these

payments represent 84,4% of preliminary adjusted net income for 2018.

· Going forward, Kid will aim to distribute 80% to 100% of adjusted net income

as dividend.

· The index for sale of home textiles in Q4 2018 in specialised stores in

Norway decreased by -2.8% compared to an increase of 7.2% for Kid, according to

Statistics Norway. The latest accurate market statistic based on tax returns

data show a market growth of 1.0% for the twelve months ending 31.08.2018. For

the same period, Kid increased revenues by 5.9% and the market share to 34.6%

(33.0%).

· New stores opened at Lagunen (Bergen), Lade (Trondheim) and Jærhagen

(Stavanger). The total number of physical stores at the end of the quarter was

143 (140).

ENQUIRIES

Henrik Frisell, CFO Kid, +47 480 48 800