KID ASA Lier,
Key financial highlights
- 7th consecutive quarter with year-on-year increased Earnings Per Share
- Revenues increased by +2.5% to MNOK 1,100. Like-for-like sales increased by +0.2%. Compared to 2019, like-for-like sales increased by +7.3%.
- Gross margin increased by 0.3 percentage points to 63.4%, driven by successful pricing, campaigning and a favourable change in product mix offsetting the effect of higher freight cost
- EBITDA excluding IFRS16 effects increased by MNOK 2 to MNOK 301
- The Board propose a half-year dividend payment of
NOK 4.00 per share following strong financial performance and solid liquidity position. Together with the prepayment ofNOK 4.60 fromNovember 2021 this represent 91% of the net profit - Net interest-bearing debt excl. IFRS16 leasing liabilities of MNOK 309.1 at the end of the quarter
"After a slow first part of the quarter we saw a significant increase in revenues from late November as our delayed Christmas assortment arrived - resulting in a top line growth of +2.5% for the quarter. I proudly note that we also managed to increase our gross margin despite the challenging logistics situation. Consequently, we passed the
The results will be presented at
The presentation will be broadcasted as a live webcast in English and a recorded version will be made available at http://investor.kid.
Please join the webcast at the following link: Link to
The quarterly report and presentation material will be available on http://investor.kid.no and http://newsweb.no from
ENQUIRIES:
http://publish.ne.cision.com//Release/ViewReleaseHtml/FC8B21F24E7EA605E0C856B0705FC7D6
https://mb.cision.com/Public/15074/3507408/9cb39aa0a3dc663e.pdf
https://mb.cision.com/Public/15074/3507408/81dd908224d9750e.pdf
https://mb.cision.com/Public/15074/3507408/af66212f57e782cf.pdf
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