Lier,
"We are pleased to present the third consecutive quarter with double digit growth. Our value-for-money position and concept remain resilient amid continuing challenging market conditions. Growth in the quarter was accelerated by store projects, combined with omnichannel and category development initiatives", says
KEY FINANCIAL HIGHLIGHTS:
- Group revenues increased by 15.0% to MNOK 696.5.
- Gross margin increased by 5.5 percentage points to 61.5%.
- Operating expenses relative to sales (excl. IFRS 16) in Q1 was 57.5% (60.5%).
- EBITDA increased by MNOK 67.9 to MNOK 124.5.
- Cash flow from operations impacted by inventory build-up.
The results will be presented at
To attend the presentation in-person or to follow the live webcast, please register at: https://invitepeople.com/events/aba07d6d3d
The quarterly report and presentation material will be available on http://investor.kid.no and http://newsweb.no from
ENQUIRIES:
https://news.cision.com/kid-asa/r/kid-asa---first-quarter-2024-results,c3982345
https://mb.cision.com/Main/15074/3982345/2800399.pdf
https://mb.cision.com/Public/15074/3982345/b81fb762caf7b962.pdf
https://mb.cision.com/Public/15074/3982345/8d21acd64fc6e0f2.pdf
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