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First Camp Group Interim report Q1 2024

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First Camp, Scandinavia’s largest campsite chain, increased revenues in the first quarter of 2024 by nine percent vs same period in 2023, adjusted for effects from acquisitions (pro forma) and excluding the positive effect of an earlier Easter and seasonal opening.

First quarter 2024 (same quarter last year in brackets)

  • Total revenue of SEK 104.1 million (81.3)
  • Pro forma revenue increased with 26% compared to Q1 2023
  • Pro forma Adjusted EBITDA amounted to SEK -70.6 million (-76.3)
  • EBIT amounted to SEK -101.8 million (-114.9)
  • Cash flow from operating activities of SEK -36.7 million (-38.2)

Significant events in the first quarter

  • Henrik Munksgaard, who has a background including nine years as Park Operations Director at Legoland in Billund, has been recruited as the CEO of Jesperhus Feriepark. Henrik will assume his position on May 31, 2024.
  • At the beginning of 2024, United Camping Campsite HoldCo AB, a sister company to First Camp Group AB and thus outside the bond structure of the First Camp Group, acquired Lidköping Kronocamping and Skara Sommarland camping.

Significant events after the reporting period

  • No significant events to report after the reporting period.

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 15, 2024.

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

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