Kid ASA (0RCW) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to our presentation of second quarter. I'm Marianne Fulford, CEO at Kidd. And with me today, I have Mats Keegan, CFO at Kidd. And we will walk you through the presentation together. We delivered a solid second quarter, driven by strong development across both Kidd and HempTechs. We delivered strong sales growth across both online and physical stores. This despite a negative Easter calendar effect in Norway. Growth was driven by a highly commercial seasonal assortment and an increase in the number of transacting customers. The solid online growth continues through second quarter and online revenues increased significantly. Online growth was driven by positive development across both Kid and HempTechs. We also delivered a solid growth in EBITDA and a strong gross margin in the quarter. Overall, costs were in line with our expectations. As the business grew, we continued to invest in marketing, technology and commercial initiatives, while maintaining good cost control. Several of these investments are designed to support future growth opportunities, improve customer experience and increase operational efficiency over time. Mats, he will walk you through the cost drivers in more details later. So let's take a closer look at operational highlights from the quarter. First of all, second quarter was negatively affected by the timing of Easter, which has a greater impact on sales in the Norwegian market. So considering the Easter timing effect, we are more than satisfied with the revenue performance this quarter. Category development continues and remain an important driver of customer traffic and sales growth. Our focus is to continue growing our major categories, while developing new opportunities alongside them. During the quarter, we d...