Lier, 7 October 2019: Kid ASA today announces unaudited revenue figures for the
third quarter of 2019 (previous year in brackets). For definition of like-for
-like stores, please see latest quarterly report at http://investor.kid.no.
Segment Kid Interior
· Q3 revenues increased by +4.6% to MNOK 384.9 (MNOK 368.1). Like-for-like
sales increased by +2.0%. Online sales increased by +14.7%.
· The number of shopping days in the quarter was 79 (78).
· For the first three quarters of 2019, revenues increased by +8.6% to MNOK
1004.3 (MNOK 924.5). Like-for-like sales increased by +5.6%. Online sales
increased by +22.2%. The number of shopping days for the first three quarters
was 226 (226).
· There was one store opening and one store was refurbished during the
quarter. The total number of physical stores at the end of the quarter was 144
(140).
Segment Hemtex
· Q3 revenues increased by +11.1% to MSEK 260.5. Like-for-like sales increased
by +3.2%. Online sales increased by +30.3%.
· The number of shopping days in the quarter was 92 (92). The majority of
Hemtex' stores are open on Sundays.
· For the period May 15[th] until September 30[th] of 2019, revenues increased
by +6.7% to MSEK 378.6. Like-for-like sales increased by +3.3%. Online sales
increased by +29.6%. The number of shopping days for the first two quarters was
139 (139).
· There was one store refurbishment, two stores were relocated and four stores
were closed during the quarter. The total number of physical stores at the end
of the quarter was 136 (148).
Revenue figures for the fourth quarter of 2019 will be announced on 10 January
2020 at 07:30 (Oslo Time).
ENQUIRIES
Henrik Frisell
CFO Kid ASA
tel: +47 480 48 800
email: investor@kid.no