2 February 2023
2 February 2023, Comments Comments Off on Camplify quarterly review shows continued strong growth
Camplify quarterly review shows continued strong growth

Camplify Holdings Limited (CHL) has announced a strong performance in Q2 FY23, including the completion of the acquisition of PaulCamper.

This acquisition positions Camplify as a leading global operator of RV rental marketplaces, with operations in six countries. This quarterly update will include consolidated numbers including 1 month’s trade of PaulCamper for December, based on the acquisition completion during the quarter.

Global revenue figures also grew during this period. For the quarter revenue grew by 63.77% compared with Q2 FY22. The total revenue recorded was $6.59m (unaudited). These results continue Camplify’s growth performance.

The New Zealand market for Camplify became the largest growing market for the quarter and saw a 1040% increase pcp in GTV. The Camplify NZ business has grown significantly.

Average booking values have reached over $2,450, and this business unit represents over 14% of the total Camplify future bookings value.

Camplify grew its total fleet during the quarter to over 12,400 vehicles, while driving down customer acquisition costs in Camplify acquired customers.

During this quarter CHL successfully completed a capital raise of $10.5m including an SPP of $2.0m to existing shareholders. This capital raise was completed to fund the acquisition of PaulCamper, and the expansion of business units including the insurance division.