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    KID   NO0010743545

KID ASA

(KID)
  Report
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108.4 NOK   -1.99%
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Kid ASA : - Revenues for the Third Quarter of 2021

10/08/2021 | 01:31am EST

Lier, 8 October 2021: Kid ASA today announces unaudited revenue figures for the third quarter of 2021 (previous year in brackets). For definition of like-for-like stores, please see latest quarterly report at www.investor.kid.no

Group

Q3 revenues increased by +3.6% (+11.5%) to MNOK 750.7(MNOK 724.71). Like-for-like sales increased by +0.1% (+16.6%). Compared to 2019, like-for-like sales increased by +17.4%3.

Online sales accounted for 7.6% (6.9%) of total revenues in the quarter.

For the first nine months of 2021, group revenues increased by +5.6% (+10.9%) to MNOK 1,996.8 (MNOK 1,891,82). Like-for-like sales increased by +3.5% (+14.1%). Compared to 2019, like-for-like sales increased by +18.5%3.

Segment Kid Interior

Q3 revenues decreased by -3.9% (+22.1%) to MNOK 451.7 (MNOK 470.1). Like-for-like sales decreased by -7.1% (+20.9%). Online sales increased by +7.2% (+18.6%).

For the first nine months of 2021, revenues increased by +2.3% to MNOK 1,196.1 (MNOK 1,168.7). Like-for-like sales decreased by -0.6% (+15.5%). Online sales increased by +32.5% (+39.5%).

One store was relocated, and two stores were refurbished during the quarter. No stores were opened or closed. The total number of physical stores at the end of the quarter was 149 (143). The number of shopping days in the quarter was 79 (79).

Segment Hemtex

Q3 revenues increased by +17.4% (-3.7%) to MSEK 295.2 (MSEK 251.3). Like-for-like sales increased by +14.6% (+9.2%). Online sales increased by +18.4% (+45.8%).

For the first nine months of 2021, revenues increased by +10.7% to MSEK 794.6 (MSEK 717.8). Like-for-like sales increased by +10.9% (+11.9%). Online sales increased by +37.0% (+62.2%).

Two new stores were opened, and one store was relocated during the quarter. No stores were closed. The total number of physical stores at the end of the quarter was 132(130). The number of shopping days in the quarter was 92 (92).

The quarterly report for the third quarter of 2021 will be announced on 4 November 2021 at CET 07:30.

ENQUIRIES

Eystein Lund, CFO Kid ASA, +47 906 02 127

Anders Fjeld, CEO Kid ASA, +47 996 32 121

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

  1. Calculated with constant currency. Actual reported revenues per Q3 2020 was MNOK 729.0 which gives an increase of 3.0%.
  2. Calculated with constant currency. Actual reported revenues YTD per Q3 2020 was MNOK 1,897.5 which gives an increase of 5.2%.
  3. Like-for-like revenue compared to 2019 are revenue from stores that were in operation from 1 January 2019 all through the end of the current reporting period and calculated in constant currency.

https://news.cision.com/kid-asa/r/kid-asa---revenues-for-the-third-quarter-of-2021,c3429068

https://mb.cision.com/Main/15074/3429068/1478295.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 3 175 M 346 M 346 M
Net income 2021 383 M 41,8 M 41,8 M
Net Debt 2021 278 M 30,2 M 30,2 M
P/E ratio 2021 11,5x
Yield 2021 7,84%
Capitalization 4 406 M 480 M 480 M
EV / Sales 2021 1,48x
EV / Sales 2022 1,35x
Nbr of Employees -
Free-Float 84,2%
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Technical analysis trends KID ASA
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Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 108,40 NOK
Average target price 145,00 NOK
Spread / Average Target 33,8%
EPS Revisions
Managers and Directors
Anders Fjeld Chief Executive Officer
Eystein Figenschau Lund Chief Financial Officer
Petter Schouw-Hansen Chairman
Frode Finnes Larsen Chief Technology Officer
Karin Bing Orgland Independent Director
Sector and Competitors