First Camp Group Interim report Q1 2022

First Camp, Scandinavia’s largest campsite chain, increased revenues in the first quarter of 2022 by 48% vs same period in 2021, adjusted for effects from acquisitions (pro forma).

The first quarter 2022 (same quarter last year in brackets)

• Total revenue of SEK 59.2 million (26.0)
• Pro forma revenue increased with 48% compared to Q1 2021
• Pro forma Adjusted EBITDA amounted to SEK -52.6 million (-55.5)
• EBIT amounted to SEK -75.1 million (-44.0)
• Cash flow from operating activities of SEK 16.5 million (-8.5)
• Establishment on the Norwegian market through the acquisition of two destinations with an estimated annual revenue of SEK 40 million in 2021
• Acquisition of two new destinations in Denmark with an estimated annual revenue of SEK 25 million in 2021

Significant events in the first quarter

• In February First Camp completed the asset acquisition of Råbjerg Mile Camping and the acquisition of Klim Strand Camping in Denmark
• In February First Camp completed the acquisition of the group’s first campsite in Norway, Norsjø Ferieland
• In March First Camp completed the acquisition of Gol Campingsenter in Norway
• During February 2022, both the home markets of Sweden and Denmark, as well as important foreign markets such as Norway, have greatly eased Covid-19 related restrictions
• The Ukraine/Russia conflict is deemed to have a very limited direct impact on First Camp as the company has no direct suppliers in the countries and the company's suppliers, as far as the company is aware, do not have critical subcontractors in the countries. Guests from the countries concerned do not constitute a material customer group

Significant events after the reporting period

• Pro forma lodging revenue during Easter increased with 28% compared to Easter 2021, to a large extent driven by the return of international guests

Report presentation

A digital conference will be held Monday May 16 at 10:30. At the conference, Johan Söör, CEO and Göran Meijer, CFO, will present the report, followed by a question-and-answer session. The presentation will be held in English.

A presentation and video link to the conference will be available at https://corporate.firstcamp.se/en/for-investors from the time of the presentation.

This information is information that First Camp Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08.00 CET on May 13, 2022.

For further information, please contact:

Göran Meijer
CFO 
goran.meijer@firstcamp.se
+46 (0)707 18 05 75

Johan Söör
CEO
johan.soor@firstcamp.se