Overview
Nordic home retailer's Q4 revenue rose 3.5% yr/yr, driven by higher sales in Norway
Q4 EBITDA decreased due to increased marketing and warehouse ramp-up costs
Net income impacted by non-recurring warehouse transition costs
Outlook
Kid ASA expects new warehouse to enhance efficiency and scalability long-term
Company remains well positioned for continued profitable growth
Result Drivers
NORWAY SALES - Revenue growth driven by higher sales in Norway
WAREHOUSE COSTS - Increased costs due to ramp-up of new warehouse in Sweden impacted results
MARKETING EXPENSES - OPEX rose due to increased marketing activities and currency effects
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Gross Margin
61.20%
Q4 EBITDA
NOK 439.90 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the home furnishings retailers peer group is "buy"
Wall Street's median 12-month price target for Kid ASA is NOK167.50, about 32.3% above its February 10 closing price of NOK126.60
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nWkr3rSGnX
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
