JumpYard interim report Q2 2024 – All time high guest satisfaction and revenues, with improved margins

During the first two quarters of 2024, JumpYard produced nearly 1.5 million hours of activity with a low injury rate and record high guest satisfaction. At the same time, revenues and adjusted EBITDA increased by 41% and 69%, respectively, compared to the same period in 2023.

JumpYard, one of the largest and fastest-growing companies in the European trampoline and activity park market, has released its financial result for the first two quarters of 2024.

Revenue for the first two quarters was SEK 222m, representing 41% growth compared to the same period last year. The Company also reports positive growth on comparable sites, which was 4% during the period. Adjusted EBITDA was SEK 42.2 million and the adjusted EBITDA margin was 19.0%, representing a 3.1 percentage point increase compared to the same period last year.

Two new sites were launched during the period (JumpYard Kungsbacka and JumpYard Sundsvall). JumpYard Heron City opened in July and by the end of August, JumpYard Valencia is planned to start accept bookings. Additionally, the Company has signed lease agreements for two new sites set to launch in 2025; one in Stockholm and one in Germany.

CEO Pelle Möller commented: "We are very proud to, in our first public interim report, report all-time highs in both number of visitors and guest satisfaction coupled with profitable growth and healthy activity on the expansion front."

January – June 2024

• Total revenue of SEK 221.5 million (156.8) corresponding to an increase of 41.3% compared to the same period last year. Comparable revenue growth was 4.3%
• Nordics represented 65.5% (78.6) of revenues and Iberia represented the remaining 34.5% (21.4) of revenues
• Adjusted site EBITDA was SEK 69.6 million (42.2) corresponding to a margin of 31.4% (26.9)
• Adjusted EBITDA was 42.2 million (25.0) corresponding to a margin of 19.0% (15.9)
• EBIT of SEK -20.6 million (-8.2) including extraordinary items of SEK 16.8 million (5.5)
• Cash flow from operating activities was SEK 30.6 million, including SEK 13.7 million of cash impacting extraordinary items. Adjusted operating cash flow was SEK 44.3 million
• Net debt was SEK 268.2 million and net debt to adjusted EBITDA was 2.9x
• During the period, the Company has launched two sites, in Kungsbacka and Sundsvall respectively. After the reporting period, the Company has launched a site in Kungens Kurva (Heron City)
• During the period, the Company issued senior secured bonds amounting to SEK 400 million, and in addition, secured a revolving credit facility with Nordea amounting to SEK 75 million

This information is information that JY Holding 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 22, 2024.

The complete report is attached to this post and also available here: https://www.jumpyard.se/investor-relations

Pelle Möller, CEO
Mob: +46 70 426 82 62
E-post: pelle@jumpyard.se

Mattias Berggren, CFO
Mob: +46 70 432 98 27
E-post: mattias@jumpyard.se

Jumpyard was founded in 2017 and is today one of the largest and fastest growing companies in the market for trampoline and activity parks in Europe. The company currently operates 24 wholly owned trampoline parks in Sweden, Denmark, Norway, Spain and Portugal. Jumpyard wants to counteract sedentary behavior by offering fun movement and has been part of Generation Pep's network since 2020. The company has around 800 employees.