Kid ASA-Q1’26 first take: EBITDA in line-05/13/2026

研报英文原文证据摘录

Kid ASA-Q1’26 first take: EBITDA in line-05/13/2026

growth as of April was 7.1% in constant currency. The April

figures likely include some negative Easter effects.

• Warehouse operations performed as planned in Q1, with no material product shortages impacting revenues.

• The German online store was launched on 5 May, providing exposure to an attractive market. However, the contribution is expected to

be limited over the coming quarters.

• A new sublease agreement covering 50% of the warehouse capacity was signed during the quarter, bringing total subleased capacity

coverage to 65%.

• Kid currently trades at 13.0x 2026e P/E (before estimate revisions).

Phillihp Bjerke

+47 22 87 88 46, phillihp.bjerke@paretosec.com

Torbjørn Nerheim

+47 24 02 81 18, torbjorn.nerheim@paretosec.com

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