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Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Handel & varor |
| Industri | Detaljhandel |
Lier, 9 November 2023: The Board of Directors of Kid ASA has approved the financial report for the third quarter of 2023.
Key financial highlights- Group revenues increased by 13.1%, driven by both footfall and basket size across all markets.
- Revenue from the Extended assortment was MNOK 16.6 in the quarter. Based on the successful concept launch, we will increase the number of Extended stores from 5 to 10 in Norway and launch 3 new Extended stores in Sweden during 2024 and 2025.
- Gross margin increased by 6.6 percentage points to 62.1%.
- Strong cost control.
- EBITDA increased by MNOK 98.6 to MNOK 241.4, a new all-time high for Q3.
- Record high cash flow from operations, due to increased profit and a constant working capital.
The results will be presented at 09:00 CET by CEO Anders Fjeld and CFO Mads Kigen at the offices of ABG Sundal Collier. 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 ASA Q3 Webcast, at the following link: https://teams.microsoft.com/l/meetup-join/19%3ameeting_MzAwMjlmNWMtMTA3Yi00MmFkLTg1NGMtMzE4ZmZmZDMxNDE3%40thread.v2/0?context=%7B%22Tid%22%3A%22853e8b83-4054-4eb9-8b26-ec6513dd213d%22%2C%22Oid%22%3A%22ba1f21a1-74d5-4d4a-8b8f-2f06d0c71a75%22%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%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:
Anders Fjeld, CEO, KID ASA, +47 996 32 121, anders@kid.no
Mads Kigen, CFO, Kid ASA, +47 952 60 507, mads@kid.no