Lier,
Key financial highlights
- Group revenues decreased by -0.8%. The development improved throughout the quarter with positive growth in June.
-
Two additional Extended pilot stores were opened in Q2. Revenue from the extended assortment was MNOK 10.8. Based on the successful launch in
Norway , we will launch the Extended assortment online and in selected larger stores inHemtex during H1-24. - Gross margin increased by 2.2 percentage points to 62.2% due to normalised freight rates and price adjustments fully effective.
- Operational expenses-to-sales of 51.1% (47.3%). Operational expenses increased on the back of rental index adjustments, cost related to relocation of warehouse, increased HQ staff as well as general salary and price increases.
- EBITDA decreased by MNOK 1.0 to MNOK 166.6.
-
The relocation to our new warehouse and offices in Borås (
Sweden ) was finalised according to plan.
The results will be presented at
To attend the presentation in-person or to follow the live webcast, please register at: https://forms.office.com/e/NvPekZWZUy
A recorded version will be made available at http://investor.kid. 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---second-quarter-2023-results,c3822594
https://mb.cision.com/Main/15074/3822594/2247173.pdf
https://mb.cision.com/Public/15074/3822594/b58c0ff399370a4a.pdf
https://mb.cision.com/Public/15074/3822594/8f8cf2a9dc77795b.pdf
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