Lier,
Key financial highlights
- Group revenues increased by 13.1%, driven by both footfall and basket size across all markets.
-
Revenue from the Extended assortment was MNOK 16.6 in the quarter. Based on the successful concept launch, we will increase the number of Extended stores from 5 to 10 in
Norway and launch 3 new Extended stores inSweden during 2024 and 2025. - Gross margin increased by 6.6 percentage points to 62.1%.
- Strong cost control.
- EBITDA increased by MNOK 98.6 to MNOK 241.4, a new all-time high for Q3.
- Record high cash flow from operations, due to increased profit and a constant working capital.
The results will be presented at
Please join the webcast,
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-2023-results,c3872143
https://mb.cision.com/Main/15074/3872143/2417685.pdf
https://mb.cision.com/Public/15074/3872143/9d745fcb25b59698.pdf
https://mb.cision.com/Public/15074/3872143/b8fee993f5cf7d6b.pdf
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