First Camp Group Interim report Q3 2024

First Camp, Scandinavia’s largest campsite chain, increased revenues in the third quarter of 2024 and presents its best quarter ever, both in terms of revenue and results.

Third quarter 2024 (same quarter last year in brackets)

• Total revenue of SEK 738.7 million (718.4)
• Pro forma revenue increased with 5% compared to Q3 2023, excluding the retroactive electricity support received in 2023
• Pro forma Adjusted EBITDA amounted to SEK 380.9 million (367.9)
• EBIT of SEK 346.2 million (325.5)
• Cash flow from operating activities of SEK 67.8 million (64.0)

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

• Total revenue of SEK 1,148.1 million (1,085.2)
• Pro forma revenue increased with 7% compared to same period 2023, excluding the retroactive electricity support received in 2023
• Pro forma Adjusted EBITDA amounted to SEK 347.5 million (330.2)
• EBIT of SEK 256.6 million (206.0)
• Cash flow from operating activities of SEK 147.1 million (146.7)

Significant events in the third quarter

• No significant events during the quarter

Significant events in the first two quarters

• 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
• 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

Significant events after the reporting period

• In November, First Camp acquired seven destinations with a combined annual revenue of SEK 127 million for the calendar year 2023 from United Camping Holdings' subsidiary, United Camping Campsite HoldCo AB
• During November, the company refinanced the outstanding bond. At the refinancing, the bond loan was increased to SEK 2,250 million and the company’s credit facility with Nordea was simultaneously increased to SEK 350 million
• In connection with the refinancing of the outstanding bond, the company's main owner communicated that as part of the refinancing it has guaranteed a new share issue of SEK 180 million to be carried out during Q4 2024

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 November 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