JumpYard reports a strong first quarter of 2024

JumpYard reports a strong first quarter of 2024 with approximately SEK 118m in revenues corresponding to 42% growth compared to the first quarter of 2023. Growth was seen across all segments with a substantial uplift in Iberia driven primarily by new site launches but also healthy numbers in like-for-like comparison. Total like-for-like sites sales growth for the quarter was 4.9%.

Adj. Site EBITDA margin came in at 35.8% corresponding to a 2.3 p.p. margin uplift compared to Q1 2023 driven primarily by structurally higher margins in Iberia. Adj. Group EBITDA margin was 24.1% representing a decline of 0.2 p.p. compared to Q1 2023 driven by planned investments in overhead starting from Q2 2023 onwards.

Attached to this article is the full report for download.

During the quarter JumpYard launched a new site in Kungsbacka which, so far, has performed better than expectations. After the quarter, JumpYard issued senior secured bonds amounting to SEK 400m within a total framework of SEK 600m. Furthermore, after the first quarter, JumpYard has launched a new site in Sundsvall and JumpYard now has 23 profitable sites throughout the Company’s target regions.

JY Holding AB (“JumpYard” or “the Company”) is also pleased to welcome its new bond investors as important stakeholders for the Company’s future growth agenda.

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