Kid ASA — Earnings Release 2022

Aug 25, 2022

Kid ASA - Second Quarter 2022 Results

Kid ASA - Second Quarter 2022 Results

Lier, 25 August 2022: The board of Directors of Kid ASA has approved the

financial report for the second quarter of 2022

Key financial highlights

· Group revenues increased by 8.8% to MNOK 730.1.

· New products and categories remain a significant growth driver.

· Gross margin decreased by 3.7 percentage points to 60.0%, mainly due to

increased freight costs. Kid has signed a freight agreement securing rates at

lower levels going forward.

· Operation expences-to-sales[1] was reduced to 47.4% (49.4%)

· EBITDA decreased by MNOK 4.9 to MNOK 167.6

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

Lund as a live webcast in English and a recorded version will be made available

at http://investor.kid.

Please join the webcast at the following link: KID Q2 webcast

25.08.2022 (https://forms.office.com/r/rCmci076kw)

The quarterly report and presentation material will be available on

http://investor.kid.no and http://newsweb.no from 07:30 CET.

ENQUIRIES:

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

Anders Fjeld, CEO, KID ASA, +47 996 32 121

1. Excluding Covid-19 cost reduction effects.