Camplify Holdings Ltd announces an update on the migration of PaulCamper GmbH to a single global platform.
The process, which began in February 2024, encountered technical complexities and customer migration issues, extending beyond the expected 30-day timeline.
This migration impacted customer bookings and reduced FY24 revenue by $3.5-4 million.
Despite challenges, CHL expects a return to normal trade by June FY24 and anticipates improved operational effectiveness and cost savings of $3-4 million in FY25, enabling accelerated growth in core European markets.
ASX Code: CHL