Kid ASA

Earnings Release • May 12, 2021

Kid ASA - First Quarter 2021 Results

Kid ASA - First Quarter 2021 Results

Lier, 12 May 2021: The board of Directors of Kid ASA has approved the financial

report for the first quarter of 2021.

Best Q1 performance ever, driven by continued high revenue growth combined with

increased gross margin and stringent cost control.

Revenues increased in both segments despite reduced footfall to physical stores

as a result of Covid-19 restrictions, mainly driven by increased online shopping

and compensating sales initiatives utilizing the omni channel platform.

Key financial highlights

· Q1 revenues increased by +10.4% to MNOK 569.1 (MNOK 515.51). Like-for-like

sales increased by +9.3%

· Gross margin increased by 0.9 percentage points to 61.0% (60.1%)

· Adjusted EBITDA of MNOK 112.7 (MNOK 64.7) which is an increase of MNOK 48.0

compared to the first quarter last year

· Renewed agreement with Nordea securing a five-year term loan structure of

NOK 611.7 million

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

Lund at ABG Sundal Colliers' Office in Oslo.

Consequent on the Covid-19 pandemic there will only be the possibility to attend

digitally by the following link: Link to KID ASA Q1

Presentation (https://eur02.safelinks.protection.outlook.com/ap/t

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During the digital session questions may be asked through the Team's chat

function.

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. Calculated on a constant currency basis. Based on actual FX-rates revenues

were up by 12% (MNOK 508.0).