Brief: Kid ASA Lowers Prelim Gross Margin For Q3

Kid ASA

04/11/2022 11:24

Nov 4 (Reuters) - Kid ASA  KID.OL :
    * LOWER THAN EXPECTED GROSS MARGIN IN Q3 2022
    * HIGHER FREIGHT COST IS ALSO EXPECTED TO NEGATIVELY IMPACT
GROSS
MARGIN FOR Q4 2022 AND INTO 2023.
    * WILL IN Q3 2022 REPORT LOWER THAN EXPECTED GROSS MARGIN
DUE TO
HIGH FREIGHT COST
    * HIGHER FREIGHT COST IS ALSO EXPECTED TO NEGATIVELY IMPACT
GROSS
MARGIN FOR Q4 2022 AND INTO 2023
    * OUR FINANCIAL OBJECTIVE; STABLE GROSS MARGIN IN LINE WITH
PAST
10 YEARS, REMAINS UNCHANGED FOR 2023
    * REPORTED GROSS MARGIN WAS 55.5% IN Q3 2022, DOWN FROM
61.4% IN
Q3 LAST YEAR

Source text for Eikon:  ID:nWkr3L8vTm 
Further company coverage:  KID.OL 
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