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/
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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, anders@kid.no
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