First Camp Group Interim report Q2 2022

First Camp, Scandinavia’s largest campsite chain, increased revenues in the second quarter of 2022 by 35% vs same period in 2021, adjusted for effects from acquisitions (pro forma) and government Covid-19 support.

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

• Total revenue of SEK 242.4 million (101.8)
• Pro forma revenue increased with 35% compared to Q2 2021, excluding government support linked to COVID-19
• Pro forma Adjusted EBITDA amounted to SEK 38.5 million (25.6)
• EBIT of SEK -29.5 million (-2.6)
• Cash flow from operating activities of SEK 137.3 million (63.7)

First two quarters 2022 (same period last year in brackets)

• Total revenue of SEK 301.5 million (127.8)
• Pro forma revenue increased with 37% compared to same period 2021, excluding government support linked to COVID-19
• Pro forma Adjusted EBITDA amounted to SEK -14.1 million (-29.9)
• EBIT of SEK -104.7 million (-46.6)
• Cash flow from operating activities of SEK 153.7 million (55.2)
• 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 second quarter

• All time high Pro forma accommodation revenues during national holidays. Compared to 2021, accommodation revenues increased by 28% during the Easter holiday and 17% during Midsummer, driven by the return of foreign guests to a large extent and the opportunity for us to again arrange celebrations and activities at our destinations
• Our members’ club, First Camp Club, has been upgraded with more member benefits and a new membership category, Gold, for our most loyal guests.
• Launch of online ordering solution in First Camp Bistro

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
• Russia’s invasion of Ukraine 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

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 August 8, 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