Lier,
Key financial highlights
- Group revenues increased by 0.5% to MNOK 734.7 in a challenging market. New products and categories remain a significant growth driver
-
Our new growth initiative 'Kid Extended' is ready to launch in
Norway - Gross margin decreased by 5.9 percentage points to 55.5%. The high freight rates in 2022 have not sufficiently been incorporated in our price calculation models leading to an unexpected drop in gross margin during Q3
- Operation expenses-to-sales increased to 46.1% (41.9%) manly due to higher logistics and cost of electricity
- EBITDA decreased by MNOK 76.9 to MNOK 142.7
-
Half-year dividend payment of
NOK 2.50 per share, payable inDecember 2022
The results will be presented at
Please join the webcast at the following link: KID ASA Third Quarter 2022 Results
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---third-quarter-2022-results,c3662898
https://mb.cision.com/Main/15074/3662898/1654054.pdf
https://mb.cision.com/Public/15074/3662898/a16f6522fae632a2.pdf
https://mb.cision.com/Public/15074/3662898/bb8355a2656c4f5f.pdf
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