Kid ASA
OSE:KID
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Kid ASA
Kid ASA engages in the sale of interior products. The Company, through its subsidiaries, sells clothing, blankets, pillows and towels for children through retail stores. The firm is active in Norway and operates headquarters in Drammen.
Kid ASA engages in the sale of interior products. The Company, through its subsidiaries, sells clothing, blankets, pillows and towels for children through retail stores. The firm is active in Norway and operates headquarters in Drammen.
Revenue Growth: Reported group revenues increased by NOK 15.1 million, or 1.7%, compared to last year, but were negatively impacted by warehouse transition issues.
Warehouse Transition: Short-term logistical challenges from launching a new Nordic warehouse led to product availability problems and higher costs, but management expects long-term benefits.
Strong Online Sales: Online revenues grew significantly, with a total of NOK 129.5 million and a 3 percentage point increase in online share to 14.4%.
Gross Margin: Group gross margin was 61.8%, down 0.3 points from last year due to increased campaign activity but remains strong by historical standards.
Operating Expenses: OpEx rose 12% mainly due to nonrecurring costs from the warehouse transition and increased project activity.
Dividend Declared: The Board approved a half-year dividend of NOK 2.5 per share, payable in November.
Guidance & Outlook: Product availability is improving into Q4, and nonrecurring warehouse transition costs are expected to decrease going forward. Digital expansion into Germany/EU is postponed until 2026.
