Kid ASA (0RCW) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to this second quarter webcast for Kidd, hosted by Arctic Securities. With me today, I have CEO Marianne and CFO Mats. As usual, please submit any questions you have in the Q&A function on your webcast player, and we will address them after the presentation. So with that, I hand the word over to you guys. Thank you, Christian. Good morning everyone and welcome to our second quarter presentation. The quarter has delivered consistent revenue growth and an all time high revenue in second quarter, despite some operational challenges associated with the warehouse relocation. And we are pleased with the gross margin performance this quarter The growth is primarily driven by strong performance in Kidd Interior this quarter. And during the second quarter, we have launched a new, in my opinion, state-of-the-art centralized warehouse in Sweden, serving the entire group. This is a major project to carry out and is expected to have short-term impacts on operation and cost, But the new warehouse is a strategic investment for our future growth. Mats will provide with comments and details on the figures later in the presentation, so I will not get into them now. And before I share more about our new common warehouse in Sweden, I would like to show you all a video that was made during the sales process of the warehouse building last year. The warehouse was previously owned by a joint venture where a key group controlled 50% and the warehouse was sold in December 24 to a fund managed by Storbrann Asset Management. And the video shows the warehouse building before the final construction was completed inside. So enjoy. Thank you. I've had the privilege of being a part of KID for many years now and being a part in an incredible growth journey. After several years of st...