Kid ASA revenue up 1.7% in Q3 despite warehouse transition costs

Kid ASA announced Q3 2025 revenues of MNOK 902.0, an increase of 1.7% year-over-year, with robust online sales for both Hemtex and Kid Interior. Group gross margin decreased by 0.3 percentage points to 61.8%, while OPEX rose 12.0% due to the new warehouse transition and currency effects. This led to an EBITDA decrease of MNOK 31.7 to MNOK 204.7. Net income was further impacted by MNOK 8 in non-recurring warehouse costs and MNOK 10 from temporary operating inefficiencies.

The strategic transition to a single central warehouse in Sweden, while causing temporary logistical constraints and an estimated MNOK 30-40 revenue shortfall, is seen as a foundation for future growth. The board approved a half-year dividend payment of NOK 2.50 per share, payable in November 2025.

Kid Interior’s revenue growth was 1.9%, while Hemtex saw a revenue decline of 1.8%. Both segments reported significant increases in online sales. Kid ASA is committed to modernising its system portfolio and advancing automation in the new warehouse to enhance efficiency and capacity.