Kid ASA

Earnings Release • Aug 20, 2020

Kid ASA - Second Quarter 2020 Results

Kid ASA - Second Quarter 2020 Results

Lier, 20 August 2020: The board of Directors of Kid ASA has approved the

financial report for the second quarter of 2020.

· Group revenues[1] increased by 22.7% and like-for-like growth was 23.6%.

Revenues have been strong in both segments and across categories.

· Gross margin decreased by 0.7 pp to 61.9% (62.6%) due to favourable FX

position last year.

· Adjusted EBITDA of MNOK 176.0 (MNOK 85.8) which is an increase of MNOK 90.2

compared to the second quarter last year.

· Adjusted EBITDA exclusive of IFRS16 effects of MNOK 104.6 (MNOK 34.7) which

is an increase of MNOK 69.9 compared to the second quarter last year.

[1]Based on Hemtex revenues from Hemtex management accounts and calculated in

constant currency for purpose of comparison. Hemtex was included in the Group

financial accounts as of 15 May

The results will be presented at 09:00 CEST by CEO Anders Fjeld and CFO Eystein

Lund at ABG Sundal Collier Office in Oslo (Munkedamsveien 45 e, 7th 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