Kid ASA (0RCW) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to this fourth quarter presentation by Kidd ASA. With us today we have CEO Marianne Fulford and CFO Mats Keegan who will present the results for us. In case you have any questions please feel free to ask these in writing in the Q&A function and we will get back to this after the presentation. So with this I leave the word to you Marianne, welcome. Thank you and good morning, everyone, and welcome to our presentation of the fourth quarter, the most important quarter in retail. And I must admit that we were a little bit excited and nervous when we entered into the fourth quarter, because as you know, we had some struggle with the logistics during the third quarter. But we are happy to inform that during the fourth quarter, the logistical situation improved every month. And by the year end, the supply of goods from the warehouse to store were more or less normalized. Though the situation was normalized by the end of the year, there was still a bit of smaller struggle also during Q4. We see strong performance in KID and weaker performance in Hemtex. And I'll try to explain a little bit about why. Because of still some logistical struggle, we had to do some prioritization out from the warehouse to the stores, where we prioritized high volume stores, meaning the largest both in revenues and size. And because most of the high volume stores are kid stores, this affected Hemtex more negatively than kid. And because we had to prioritize the larger stores, We ended up with kind of unstable flow of goods to many of the other stores during the quarter. And we also see we have a limited availability of non-seasonal products through the quarter in some of the stores. I will also mention that we had an incremental campaign in Hemtex last year, week 47. It ...