Q4 2024 Kid ASA Earnings Call Transcript

Feb 13, 2025 / 07:30 AM GMT

Release Date Price: kr144 (-4.00%)

Transcript

Key Points

Positve

Kid ASA (LTS:0RCW) reported a robust fourth quarter with double-digit revenue growth, achieving 1.4 billion in revenues.
The company saw a significant increase in online sales, growing by 13.7%, which highlights their strong omnichannel presence.
A record high cash flow from operations was achieved, positively impacted by the sale of a warehouse in Sweden.
The board proposed a half-year dividend of 5 NOK per share, reflecting strong financial performance.
Kid ASA's loyalty program saw growth, surpassing 3.3 million members, indicating strong customer engagement.

Negative

Gross margin decreased by 2.2% compared to the previous year, primarily due to changes in campaign activities.
Logistical challenges arose due to increased volume in the Norwegian e-commerce channel, resulting in longer lead times.
Operating expenses increased by 5.1% compared to last year, driven by higher employee benefit expenses and logistical costs.
There were non-recurring costs of approximately 30 million NOK expected in 2025 due to warehouse transitions.
The company faced challenges with inventory management, with an increase of approximately 200 million in inventory levels.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KID.OL - Kid ASA
Q4 2024 Kid ASA Earnings Call
Feb 13, 2025 / 07:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the Q4 webcast ofI.

If you have any questions, please use the written Q&A function during the presentation and management will address these at the end of this presentation.

And with that, I will leave the word over to CEO Ospiel and CFO Matzkegan on this.

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Unidentified_2 [2]
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Thank you very much.

Thank you very much, and good morning to all of you out there.

So let's kick off this presentation with a financial summary of the quarter. We are pleased to report a robust fourth quarter for the kid group. We have

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