Kid ASA - Earnings Release 2024 | FinancialReports.eu

Kid ASA - Fourth Quarter 2024 Results

Lier, 13 February 2025: Kid Group, a leading home textile retailer in the

Nordics, announces its financial results for the fourth quarter of 2024.

HIGHLIGHTS FOR THE QUARTER INCLUDE:

· Revenues for the Group amounted to MNOK 1,403.7, an increase of 12.0%,

driven by strong growth in both Kid Interior and Hemtex

· Gross margin decreased 2.2 percentage points to 61.2%. Strong gross margin

for the full-year in a historical perspective

· EBITDA increased by MNOK 44.6 to MNOK 464.5

· EPS of NOK 7.11 up from NOK 5.74 last year, positively impacted by the sale

of the warehouse in Sweden

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

NOK 5.00 payable in May 2025. Together with the prepayment of NOK 3.00 from

November 2025, total dividend of NOK 8.00 represents 82% of the net profit for

2024

"We are proud to present a strong final quarter for Kid Group in 2024, reaching

all-time high EBITDA of MNOK 464.5. The growth is attributed to successful

assortment and category development initiatives, effective marketing, high

-quality store operations, and a dedicated team", says Anders Fjeld, CEO of Kid

ASA.

The results will be presented at 08:30 CET by CEO Anders Fjeld and CFO Mads

Kigen as a live webcast hosted by DNB Markets. A recorded version of the webcast

will be made available at http://investor.kid.no.

Please join the webcast at the following link:

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

-join/19%3ameeting_MTM3YmIzMGYtY2JiYS00M2FmLTg2OWEtNDAyNTIxMTFjMGUy%40thread.v2/0

?context=%7B%22Tid%22%3A%224cbfea0a-b872-47f0-b51c

-1c64953c3f0b%22%2C%22Oid%22%3A%22e6df3138-b416-457f-b6c1

-5f3ce7a36ee7%22%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btyp

e=a&role=a

The quarterly report and presentation material will be available on

http://investor.kid.no and http://newsweb.no.

ENQUIRIES:

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

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

DISCLOSURE REGULATION:

This information is subject to the disclosure requirements pursuant to Section 5

-12 of the Norwegian Securities Trading Act

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