Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Match |
Sektor | Handel & varor |
Industri | Detaljhandel |
2023-11-09 07:30:16
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/
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?context=%7B%22Tid%22%3A%22853e8b83-4054-4eb9-8b26
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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