Q4 2023 Kid ASA Earnings Call Transcript
Good morning, everybody, and welcome to this fourth quarter presentation for Kid ASA. At the end, we'll have a Q&A session. (Operator Instructions)
Okay, so let's kick off with the financial summary, the highlights of the quarter, which we will deep dive into throughout the presentation. We had an all-time high revenue and EBITDA in the quarter. The sales increased by 13%, and the like-for-like sales increased by 10.2% -- sorry, 9.3%. The online revenue increased with 26.6%, and the gross margin increased by 6.5 percentage points. This led to an EBITDA increase of NOK123.1 million to NOK419.9 million, and the EPS ended at NOK5.74 in the quarter.
So let's go a bit deeper into what happened during the quarter and the year. We are proud to present another strong quarter with double-digit growth. Our value-for-money concept remained resilient under the current demanding market conditions, and have seen a strong momentum for our like-for-like stores.
Growth in the quarter was further accelerated by our omnichannel and category
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