Lier,
KEY FINANCIAL HIGHLIGHTS:
- All-time high revenues and EBITDA in Q4.
- Group revenues increased by 13.0% to MNOK 1,253.2, representing second consecutive quarter of double-digit growth.
- New products and categories remain a significant growth driver. Revenues from Extended assortment was MNOK 14.6 in the quarter.
- Gross margin increased by 6.5 percentage points to 63.4%.
- Operating expenses relative to sales (excl. IFRS 16) in Q4 was 36.7% (36.7%).
- EBITDA increased by MNOK 123.1 to MNOK 419.9.
- Record high cash flow from operations due to increased profit and historically low net working capital.
-
Full-year EPS of
NOK 7.72 (NOK 6.13 ). -
The Board will propose to the Annual General Meeting a dividend payment of
NOK 3.50 payable inMay 2024 . Together with the prepayment ofNOK 2.75 fromNovember 2023 , total dividend ofNOK 6.25 represents 81% of the net profit for 2023.
The results will be presented at
Please join the webcast, Kid Webcast Q4 2023, at the following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20240215_1/
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---fourth-quarter-2023-results,c3928911
https://mb.cision.com/Main/15074/3928911/2606182.pdf
https://mb.cision.com/Public/15074/3928911/99556c7ff99cb37a.pdf
https://mb.cision.com/Public/15074/3928911/b44fd61c187abdc2.pdf
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