Norway · Delayed Price · Currency is NOK Kid ASA Earnings Call Transcripts
Fiscal Year 2025
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Fourth quarter revenue grew 3.5% year-over-year, driven by strong Kid segment and online sales, despite warehouse transition challenges and higher costs. Gross margin remained robust at 61.2%, and a NOK 5 per share dividend is proposed for 2025.
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Third quarter saw modest revenue growth and strong online sales, offset by warehouse transition challenges and non-recurring costs. Gross margin remained robust, and investments in logistics and stores continue to support future growth. Dividend of NOK 2.5 per share approved.
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Q2 saw record revenue and robust gross margin despite warehouse transition costs and temporary inefficiencies. Segment growth was led by Kid Interior and Hemtex, with strong online and seasonal sales. Focus remains on optimizing the new warehouse and expanding the store network.
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Q1 saw record revenues up 5.3% year-over-year, led by Hemtex and new categories, but gross margin declined due to higher freight costs and campaign activity. EBITDA fell, impacted by growth investments and non-recurring logistics costs, while store expansion and digital initiatives continue.
Fiscal Year 2024
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Double-digit revenue and profit growth were achieved, with record-high cash flow and EPS. Hemtex and new categories drove strong performance, while cost control and warehouse optimization supported margins. A dividend of NOK 8 per share is proposed for 2024.
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Q3 saw record revenue and stable gross margin, with strong growth in Kid Interiør and new categories, while Hemtex faced a campaign-driven decline. Operating expenses rose due to bonuses, logistics, and growth investments, but financial position and market share remain strong.
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Q2 delivered double-digit revenue growth, record gross margin, and strong EBITDA, driven by omni-channel expansion, new categories, and store projects. European e-commerce pilot launches in 2025 with limited risk and investment, while shipping and currency risks are actively managed.