United Camping Q4 2020 result

First Camp, Scandinavia’s largest campsite chain with its parent company United Camping AB, reached 378 million SEK in revenues in 2020 (-1% vs 2019). Excluding effects from acquisitions (proforma) revenues decreased by 16%, which is substantially less than for many other players in the travel industry. Also, First Camp gained market share in the camping market.

Covid-19 affected First Camp during 2020, due to less demand from domestic guests in Sweden and Denmark during the spring as well as significantly fewer international guests during most of the year. However, the company managed to quickly adjust its cost base and the adjusted EBITDA-margin was 22%, which was fairly well in line with 2019 (23%). EBITDA amounted to 96 million SEK.

”2020 was a special year also for us and I’m very proud of all First Camp colleagues and their fantastic efforts throughout the year. Thanks to our continued M&A and investment activities, as well as product improvements and continuous development of the online channel, we managed to strengthen our market position during 2020,” says First Camp’s CEO Johan Söör.

Furthermore, First Camp outperformed the Swedish camping market in 2020. During the year four new destinations in Denmark were added to the chain following acquisitions. First Camp is now the largest campsite chain in both Sweden and Denmark.

Click here for First Camp’s Q4 2020 financial report.

For further information, please contact:

Göran Meijer, CFO, First Camp
goran.meijer@firstcamp.se
+46 (0)707 18 05 75

 
Johan Söör, CEO, First Camp
johan.soor@firstcamp.se

About First Camp  

First Camp is Scandinavia's largest and leading campsite chain. The business is currently conducted at over 40 destinations från Luleå in the north to Danish Frigård in the south.