Lier, 8 October 2024: Kid ASA today announces unaudited revenue figures for the
third quarter of 2024 (previous year in parentheses). For definition of like-for
-like sales, please see latest quarterly report at www.investor.kid.no.
GROUP
Q3 revenues increased by +4.4% (+12.1%) to MNOK 886.9 (MNOK 849.6[1]). Like-for
-like sales increased by +3.0%[2] (+12.9%).
Online sales accounted for 11.4% (11.8%[2]) of total revenues in the quarter.
For the first nine months of 2024, Group revenues increased by +9.1% (+3.1%) to
MNOK 2,381.2 (MNOK 2,182.7[3]). Like-for-like sales increased by +8.1%[2]
(+3.4%).
SEGMENT KID INTERIOR
Q3 revenues increased by +8.7% (+13.1%) to MNOK 562.9 (MNOK 517.8). Like-for
-like sales increased by +7.0% (+12.7%). Online sales increased by +17.6%
(+45.5%).
For the first nine months of 2024, revenues increased by +10.8%
(+5.8%) to MNOK 1.501.0 (MNOK 1.354.4). Like-for-like sales increased by +9.5%
(+4.8%). Online sales increased by +21.2% (+26.8%).
Two stores were relocated during the quarter. There were no opened, closed or
refurbished stores. The total number of physical stores at the end of the
quarter was 158 (156). The number of shopping days in the quarter was 79 (79).
SEGMENT HEMTEX
Q3 revenues decreased by -2.3% (+10.5%) to MSEK 315.4 (MSEK 323.0). Like-for
-like sales decreased by -3.5% (+13.3%). Online sales decreased by -15.4%
(+11.2%).
For the first nine months of 2024, revenues increased by +6.3% (-1.3%) to MSEK
866.7 (MSEK 815.6). Like-for-like sales increased by +5.5% (+1.0%). Online sales
decreased by -6.0% (+0.0%).
One store was relocated during the quarter. There were no opened, closed or
refurbished stores. The total number of physical stores at the end of the
quarter was 128 (128). The number of shopping days in the quarter was 92 (92).
The quarterly report for the third quarter of 2024 will be announced 12 November
2024 at CET 07:30.
ENQUIRIES
Mads Kigen, CFO Kid ASA, +47 952 60 507, mads@kid.no
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
1. Calculated with constant currency. Actual reported revenues per Q3 2023?was
MNOK 830.9 which?represents?an increase of +6.7%.
2. Calculated with constant currency.
3. Calculated with constant currency. Actual reported revenues YTD per Q3 2023
was MNOK 2,160.4 which results in an increase of +10.2%.