Kid ASA — Earnings Release 2020

Nov 5, 2020

Kid ASA - Third Quarter 2020 Results

Lier, 5 November 2020: The board of Directors of Kid ASA has approved the financial report for the third quarter of 2020.

• Q3 revenues increased by +16.5%¹ to MNOK 729.0 (MNOK 625.9). Like-for-like sales increased by +16.8%.
• Gross margin increased by 3.6 pp to 63.1% (59.5%) due to increased average prices and less rebating.
• Adjusted EBITDA of MNOK 214.5 (MNOK 144.0) which is an increase of MNOK 70.5 compared to the third quarter last year.
• Adjusted EBITDA exclusive of IFRS16 effects of MNOK 138.9 (MNOK 75.3) which is an increase of MNOK 63.6 equal to 85% compared to the third quarter last year.
• Hemtex surpassing twelve-month-rolling EBITDA of 100 million
• Half-year dividend payment of NOK 5.80 per share.

The results will be presented at 09:00 CET by CEO Anders Fjeld and CFO Eystein Lund at Pareto Securities' Office in Oslo (Dronning Mauds gate 3, 11th floor).

Consequent on the Covid-19 pandemic there will be a maximum capacity of 20 people in the room with a Covid-19 friendly set-up and with the possibility to attend digitally.

The quarterly report and the presentation material are available on http://investor.kid.no

ENQUIRIES: Eystein Lund, CFO, Kid ASA, +47 906 02 127

¹ Group revenues were up by 11,5% when calculated on a constant currency basis.