Kid ASA (0RCW) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay, welcome to this third quarter presentation by KID. We have the management, Marianne and Mats with us. We will do this is that they will present the numbers and then we will go to the Q&A. Please send in questions during the chat and we will take them after the presentation. So by that I give the word to Marianne. Thank you and good morning everyone and welcome to the third quarter presentation. I will leave this page hanging for a couple of more seconds, as I know that Mats will get back with a lot more information regarding the financials later. So we will not use a lot of time on this page. The third quarter comes with a short-term pay for a long-term gain. We are investing in a new Nordic warehouse that are going to make a fundament for our future growth. But it comes with some short term impacts that are negative on cost and revenues this quarter. Revenues were impacted by limited product availability in our physical stores this quarter. It's due to some logistical challenges. We met some bottlenecks and some ramp up challenges that are maybe not so uncommon in these kinds of projects. This has caused a revenue shortfall mainly for non-seasonal products and autumn products that arrived late in our stores. But we are confident that our customers are still with us and that our assortment is still commercial and doing well. And why are we so sure about that? It's because we see online growth this quarter because our customers, they turn to our online platforms to buy products they couldn't find in our stores. And we also see growth within the spring and summer assortment this quarter. And spring and summer assortment was distributed from the old warehouse setup in Lier for Kit and in Borås for Hemtex. And we had enough availability of spring and summer. And it...