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    KID   NO0010743545

KID ASA

(KID)
  Report
Real-time Quote. Real-time Oslo Bors - 11/26 10:25:07 am
111.6 NOK   -0.36%
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11/10Ex dividend NOK 4.60 today
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Kid ASA : - Second Quarter 2021 Results

08/20/2021 | 01:31am EST

Lier, 19 August 2021: The board of Directors of Kid ASA has approved the financial report for the second quarter of 2021.

Q2 was yet another successful quarter for the Kid Group with high profitability, driven by continued revenue growth on top of last year's extraordinary growth figures, increased gross margins and stringent cost control.

Key financial highlights

  • Revenues increased by 3.9% and like-for-like growth increased by 2.9% despite closed Norwegian and Estonian stores in April and reduced footfall following governmental Covid-19 restrictions in Sweden and Finland
  • Gross margin increased by 1.8 percentage points to 63.7%, driven by the effect of last year's price adjustments, less rebating due to strong demand, improved purchasing terms because of joint sourcing with Hemtex and favourable changes in product mix
  • Adjusted EBITDA excluding IFRS16 effects decreased by MNOK 2.4 to MNOK 102.2 from MNOK 104.6
  • LTM gearing ratio excluding IFRS16 effects was 1.0 at the end of the quarter

The results will be presented at 09:00 CET by CEO Anders Fjeld and CFO Eystein Lund at SpareBank 1 Markets, Olav V's gate 5, Oslo. To register your attendance please contact charlotte.mullins@sb1markets.no at SpareBank 1 Markets.

To join the presentation electronically on Teams, please following this link:  https://www.sb1markets.no/link-to-join/

The quarterly report and the presentation material are available on http://investor.kid.no

ENQUIRIES:

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

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

https://news.cision.com/kid-asa/r/kid-asa---second-quarter-2021-results,c3400080

https://mb.cision.com/Main/15074/3400080/1456478.pdf

https://mb.cision.com/Public/15074/3400080/b29eaa8fc6839e90.pdf

https://mb.cision.com/Public/15074/3400080/91fc89b359f9055d.pdf

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

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Financials
Sales 2021 3 175 M 350 M 350 M
Net income 2021 383 M 42,2 M 42,2 M
Net Debt 2021 278 M 30,6 M 30,6 M
P/E ratio 2021 11,8x
Yield 2021 7,62%
Capitalization 4 536 M 499 M 500 M
EV / Sales 2021 1,52x
EV / Sales 2022 1,39x
Nbr of Employees -
Free-Float 84,2%
Chart KID ASA
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Kid ASA Technical Analysis Chart | KID | NO0010743545 | MarketScreener
Technical analysis trends KID ASA
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 111,60 NOK
Average target price 145,00 NOK
Spread / Average Target 29,9%
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