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All profits can be dividends

(Finansavisen.en): the Kid's Interior earns the money and for 2018 they pay 3,20 million in dividends to its shareholders, divided in two semi-annual payments of nok 1,20 and 2, respectively.

the Dividends make up for last year 85 per cent of the profits.

But now there may be even more in the pockets of those who own the Kid shares, writes Finansavisen.

Raises the floor

Nytilsatt cfo Henrik Frisell tells that the company has added a new utbyttestrategi.

- the Goal now is to give 80 to 100 percent of the profits in dividends, while in the past we have said that 60 to 70 percent should be paid back to the owners, " says Frisell to the newspaper

Although it has been a stated goal, the company has actually paid a bit more than the last few years, and last year the percentage was 85 per cent.

- So 80 per cent is now the new floor?

- Yes, it is there, " he says to Mallorca.

Steikje nice returns

They 3,20 crowns that goes to dividends for 2018 is higher than the consensus among analysts who follow the company. According to the Pareto was reckoned that the proceeds would be located at only 2,80 million in the previous year.

Both they and ABG Sundal Collier, Kepler and Sparebank 1 Markets has a kjøpsanbefaling on Kid-stock, and they were all together confirmed again yesterday when the results for the fourth quarter and 2018 were known.

Drag from the competition

the Princess chain, and Hansen & Dysvik are the Kids closest competitors, but they are also experiencing that the furniture chains like Ikea supplies some of the market Kid could desire.

But where the rest of the market sells fabrics to private homes experienced a decline of 2.8 percent in the fourth quarter, according to STATISTICS norway, so has the Kid gone the opposite way.

- We increased our market share slightly and had a growth of 7.2 per cent in the same period. For the one-year return was 4.5 per cent, " says Frisell of Mallorca.

your online sales is also increasing, the last with 30 percent.

- It constitutes around five per cent of the total revenue of our reach.

Other financial news:
Monsterkutt at Frogner-villa
- Very positive for oil prices
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