First Camp Group Interim report Q2 2024

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

Second quarter 2024 (same quarter last year in brackets)

• Total revenue of SEK 305.3 million (285.5)
• Pro forma revenue increased with 5% compared to Q2 2023
• Pro forma Adjusted EBITDA amounted to SEK 37.3 million (38.6)
• EBIT of SEK 12.3 million (-4.7)
• Cash flow from operating activities of SEK 116.0 million (121.3)

First two quarters 2024 (same period last year in brackets)

• Total revenue of SEK 409.4 million (366.8)
• Pro forma revenue increased with 10% compared to same period 2023
• Pro forma Adjusted EBITDA amounted to SEK -33.3 million (-37.7)
• EBIT of SEK -89.6 million (-119.6)
• Cash flow from operating activities of SEK 79.3 million (83.1)

Significant events in the second quarter

• In April, First Camp launched the new product "Husbilspasset," where motorhome drivers who purchase the pass can stay at any First Camp destination for only SEK 250 per night during selected periods. The card sold out in less than 24 hours
• In May, First Camp launched two new sub-brands, First Camp Easy and First Camp Resort, to simplify for guests and clarify the range of destinations available in the chain
• The Midsummer celebration was the best ever in First Camp's history. The 47 comparable destinations in Sweden hit an all-time high with an increase in lodging revenue from overnight guests of 4% compared to 2023 and just over 2% compared to the previous record set in 2022

Significant events in the first quarter

• Henrik Munksgaard, who has a background including nine years as Park Operations Director at Legoland in Billund, was recruited as the CEO of Jesperhus Feriepark. Henrik assumed his position on June 1, 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

• Revenue in July amounted to SEK 474 million, representing an underlying increase of 5% (6% in local currency) excluding the effect from acquisitions (pro-forma) and the retroactive electricity subsidy of SEK 16 million received in July 2023. Compared to the reported revenue of the previous year, the increase is 2%. The revenue outcome represents an all-time high for July, which is particularly gratifying given that many households, like last year, have experienced weaker finances due to high interest rates and inflation. We are seeing growth over the previous year in both accommodation revenue and on-site products

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 14, 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