First Camp Group Interim report Q2 2023

First Camp, Scandinavia’s largest campsite chain, increased revenues in the second quarter of 2023 by 18 percent vs same period in 2022. Revenue adjusted for effects from acquisitions (pro forma) increased with four percent vs same period in 2022.

Second quarter 2023 (same quarter last year in brackets)

• Total revenue of SEK 285.5 million (242.4)
• Pro forma revenue increased with 4% compared to Q2 2022
• Pro forma Adjusted EBITDA amounted to SEK 38.6 million (40.9)
• EBIT of SEK -4.7 million (-29.5)
• Cash flow from operating activities of SEK 121.3 million (137.3)
• Acquisition of two new destinations – one in Norway and one in Denmark -with an estimated annual revenue of SEK 15 million in 2022

First two quarters 2023 (same period last year in brackets)

• Total revenue of SEK 366.8 million (301.5)
• Pro forma revenue increased with 5% compared to same period 2022
• Pro forma Adjusted EBITDA amounted to SEK -37.7 million (-18.2)
• EBIT of SEK -119.6 million (-104.7)
• Cash flow from operating activities of SEK 83.1 million (153.7)
• Acquisition of four new destinations – one in Sweden, two in Norway and one in Denmark - with an estimated annual revenue of SEK 45 million in 2022

Significant events in the second quarter

• In May, the acquisitions of Telemark Kanalcamping in Norway and Tempelkrogens Camping in Denmark were completed. The acquisitions had a combined annual revenue of approximately SEK 15 million in 2022. Please see Note 2 for further information on the acquisitions.
• In June, the indoor Yessiland facility at First Camp Orsa was opened.
• During the quarter, First Camp terminated the site leasehold agreement for the destination Bredsand-Enköping. The effect on EBITDA is immaterial.
• During the quarter, the transition to 100% electricity from renewable sources was completed at First Camp's Danish destinations

Significant events in the first quarter

• At February 1 First Camp completed the acquisitions of Sjöstugans Camping in Sverige and Bø Camping in Norway. The acquisitions have a combined annual turnover during 2022 of approximately SEK 30 million. Please see Note 2 for further information on the acquisitions
• In January, First Camp appointed Benita Jonsson, Regional Manager for Region South within First Camp, as acting COO, and also recruited Adam Fall to the newly established role of CTO and recruited Mia Melin to the role of CHRO. Adam and Mia will assume their roles during the second quarter

Significant events after the reporting period

• Revenue in July amounted to SEK 448 million, an increase of 18% compared to last year, including acquisition and currency effects. Pro forma revenues decreased by 3% (-5% excluding currency effects) in relation to the all-time high revenues in July 2022. In addition to weaker financials for many households this summer, July has been unusually rainy and cold in large parts of Scandinavia and the revenue decrease is largely driven by weaker demand for on-site products such as water parks, shops and restaurants

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 15, 2023.

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