Kid ASA — Earnings Release 2021

Feb 16, 2022

Kid ASA - Fourth Quarter 2021 Results

Kid ASA - Fourth Quarter 2021 Results

Lier, 16 February 2022: The board of Directors of Kid ASA has approved the

financial report for the fourth quarter of 2021.

Key financial highlights

· 7th consecutive quarter with year-on-year increased Earnings Per Share

· Revenues increased by +2.5% to MNOK 1,100. Like-for-like sales increased

by +0.2%. Compared to 2019, like-for-like sales increased by +7.3%.

· Gross margin increased by 0.3 percentage points to 63.4%, driven by

successful pricing, campaigning and a favourable change in product mix

offsetting the effect of higher freight cost

· EBITDA excluding IFRS16 effects increased by MNOK 2 to MNOK 301

· The Board propose a half-year dividend payment of NOK 4.00 per share

following strong financial performance and solid liquidity position. Together

with the prepayment of NOK 4.60 from November 2021 this represent 91% of the net

profit

· Net interest-bearing debt excl. IFRS16 leasing liabilities of MNOK 309.1 at

the end of the quarter

"After a slow first part of the quarter we saw a significant increase in

revenues from late November as our delayed Christmas assortment arrived -

resulting in a top line growth of +2.5% for the quarter. I proudly note that we

also managed to increase our gross margin despite the challenging logistics

situation. Consequently, we passed the NOK 3 billion revenue milestone for the

fiscal year and delivered the 7th consecutive quarter with year-on-year EPS

growth.", says CEO Anders Fjeld.

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

Lund at the offices of ABG Sundal Collier, Ruseløkkveien 26, 8th floor, Oslo.

The presentation will be broadcasted 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: Link to Kid ASA Q4 2021 results

webcast (https://teams.microsoft.com/l/meetup

-join/19%3ameeting_NjI1OTYzY2UtMzhjZi00MjcwLTlmYjgtN2UwYjJkMzJiZDA0%40thread.v2/0

?context=%7b%22Tid%22%3a%22853e8b83-4054-4eb9-8b26

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-2f06d0c71a75%22%2c%22IsBroadcastMeeting%22%3atrue%7d&btype=a&role=a)

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