Kid ASA

Earnings Release • Feb 16, 2022

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

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