Kid ASA (0RCW) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this Q1 presentation with KID ASA. With this, I give the word over to CEO Marianne Fulford and CFO Mats Keegan. Thank you. Good morning, everyone, and welcome to the presentation of first quarter 2025 results. Before we begin, I would like to take a short moment to introduce myself as I recently stepped into the role of CEO on May 1st. I've been a part of KIDS since 2008, initially joining as category manager. Since 2016, I have served as director of sourcing and assortment, playing a key role alongside my team in shaping KIDS concept and product assortment over years. I have a deep understanding of kids' business model and my primary focus will be on further strengthening and involving this winning formula. My previous experience includes six years with Tempur as head of sales and regional manager. And I also had different marketing positions in my earlier career. I hold a master degree from BA Business School. I'm 49 years old, a Norwegian citizen living in Lyr, married and mother of two. Well, I think that's enough about me. Let's turn our attention to the first quarter presentation. We present a positive start for Kid Group in 2025, reaching all time high revenues for the first quarter of 733.7 million. The 5.3% growth comes on top of 15% growth in first quarter last year. The growth this quarter is mainly driven by HempTechs. Gross margin decreased by 0.9 percentage points. The OPEX development this quarter includes investments in future growth initiatives and EBITDA decreased by 9.2 million this quarter. Mats will provide more details later in the presentation. Category development remains a key growth driver. Category launch since 2022 accounted for 39.1 million in revenues this quarter. Revenues this quarter were somewhat negativel...