Camplify Holdings Limited H1FY24 Interim Results

Camplify Holdings Limited reported significant growth in H1FY24 with a 93.6% increase in GTV and a 95.4% revenue growth compared to H1FY23.

Vintage RV on road trip

Camplify Holdings Limited H1FY24 Interim Results

  1. Camplify Holdings Limited reported significant growth in H1FY24 with a 93.6% increase in GTV and a 95.4% revenue growth compared to H1FY23.

  2. The company's gross profit margin improved from 58.1% to 61.4%.

  3. Total bookings for H1FY24 increased by 59.0% to 44,782, and the total number of RVs on the platform grew by 19.7% to 29,388.

  4. Future bookings for H1FY24 closed at $26m, showing a 9.5% increase from H1FY23.

  5. The acquisition of Rent a Tent and the integration of PaulCamper into Camplify's global OnePlatform were successfully completed.

  6. The company plans to roll out its MyWay Insurance MGA across all markets by Q1FY25.

  7. Camplify's focus for FY24 includes meeting customer demand, standardizing business across regions, and improving technology and automation for scalability.

  8. The company reported a statutory loss after tax of $3.0m for H1FY24, with a focus on categorizing losses into operational expenses and one-off expenses related to business integrations.

  9. Camplify is positioned for future growth with a global networked platform and supporting insurance MGA, aiming for profitability and consistent cash flow positivity.

This announcement is a summary of the company approved ASX announcement on 21/2/2024 and is based on facts.