Kid ASA (DE:97Q) has released an update.
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Kid Group, a top home textile retailer in the Nordics, reported a 10.2% revenue increase to MNOK 797.8 in Q2 2024, with a notable gross margin rise to 63.2% and a significant EBITDA growth. The upward trend marks the company’s fourth consecutive quarter of double-digit growth, credited to its expansion program, new stores, and store projects. Additionally, a pilot for online European market testing is set for the second half of 2025.
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