Kid ASA - Earnings Release 2023 | FinancialReports.eu

Kid ASA - Fourth Quarter 2023 Results

Lier, 15 February 2024: The Board of Directors of Kid ASA has approved the

financial report for the fourth quarter of 2023.

KEY FINANCIAL HIGHLIGHTS:

· All-time high revenues and EBITDA in Q4.

· Group revenues increased by 13.0% to MNOK 1,253.2, representing second

consecutive quarter of double-digit growth.

· New products and categories remain a significant growth driver. Revenues

from Extended assortment was MNOK 14.6 in the quarter.

· Gross margin increased by 6.5 percentage points to 63.4%.

· Operating expenses relative to sales (excl. IFRS 16) in Q4 was 36.7%

(36.7%).

· EBITDA increased by MNOK 123.1 to MNOK 419.9.

· Record high cash flow from operations due to increased profit and

historically low net working capital.

· Full-year EPS of NOK 7.72 (NOK 6.13).

· The Board will propose to the Annual General Meeting a dividend payment of

NOK 3.50 payable in May 2024. Together with the prepayment of NOK 2.75 from

November 2023, total dividend of NOK 6.25 represents 81% of the net profit for

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

Kigen at the offices of Sparebank 1 Markets. The presentation will also be

broadcasted as a live webcast. A recorded version will be made available at

http://investor.kid.no.

Please join the webcast, Kid Webcast Q4 2023, at the following link:

https://channel.royalcast.com/landingpage/hegnarmedia/20240215_1/

The quarterly report and presentation material will be available on

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

ENQUIRIES:

Anders Fjeld, CEO, KID ASA, +47 996 32 121, [email protected]

Mads Kigen, CFO, Kid ASA, +47 952 60 507, [email protected]

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