First Camp Group Year End Report 2024

First Camp publishes Year End Report 2024.

Fourth quarter 2024 (same quarter last year in brackets)

Total revenue of SEK 118.8 million (110.9)Pro forma revenue increased with 1% compared to Q4 2023Pro forma Adjusted EBITDA amounted to SEK -60.5 million (-59.3)EBIT of SEK -107.9 million (-115.1)Cash flow from operating activities of SEK -81.6 million (-130.3)Acquisition of seven destinations, three in Sweden and four in Denmark, with a combined annual turnover in 2024 of approximately SEK 113 million from United Camping Holding AB's subsidiary United Camping Campsite HoldCo ABIssuance of senior secured bonds of SEK 2,250 million and repayment of outstanding sustainability-linked senior secured bonds of SEK 1,850 million

January - December 2024 (same period last year in brackets)

Total revenue of SEK 1,266.9 million (1,196.1)Pro forma revenue increased with 5% compared to full year 2023, excluding the retroactive electricity support received in 2023 Pro forma Adjusted EBITDA amounted to SEK 328.5 million (321.2)EBIT of SEK 148.7 million (90.9)Cash flow from operating activities of SEK 65.6 million (16.4)Acquisition of seven destinations, three in Sweden and four in Denmark, with a combined annual turnover in 2024 of approximately SEK 113 million from United Camping Holding AB's subsidiary United Camping Campsite HoldCo ABIssuance of senior secured bonds of SEK 2,250 million and repayment of outstanding sustainability-linked senior secured bonds of SEK 1,850 million

Significant events in the fourth quarter

In November, First Camp acquired seven destinations, with a combined annual turnover during the calendar year 2024 of SEK 113 million, from United Camping Holding AB's subsidiary United Camping Campsite HoldCo ABIn November, the company completed a refinancing, where the company issued senior secured bonds of SEK 2,250 million and repaid the outstanding sustainability-linked senior secured bonds of SEK 1,850 million. At the refinancing, the company's credit facility with Nordea was increased to SEK 350 millionIn connection with the refinancing, the company received shareholder contributions totaling SEK 265 million during the quarter, of which SEK 180 million in cash, from owner its United Camping Holding AB

Significant events in the first three 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, 2024At 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 campingIn 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 hoursIn 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

No significant events to report after the reporting period

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 February 14, 2025.

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