We have made minor estimate changes following KID’s trading update. KID Interior in Norway reported solid 7% y-y LFL revenue growth, above our 5% estimate. Hemtex in Sweden, however, underperformed with a 3.5% revenue decline, though sales improved towards the end of the quarter, and we expect further improvements in Q4. With several growth initiatives and an anticipated improved retail market in 2025, in particular in Sweden following rate cuts, we find the share attractive over a 2-3 year hori ....
