Fleet expected to double
Camplify continues strong
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peer-to-peer caravan rental company Camplify says it has made some
"remarkable achievements" during the year.
In a message to shareholders today, it reported continued strong growth,
with its marketplace transactions growing by 63 percent and revenue soaring
by 95 percent against the 2021 financial year.
Chairman & non executive director Trent Bagnall,
pictured, commented: "We are very
confident that the New Zealand market will provide significant revenues in
the current financial year and will provide strong year-on-year growth
both in the short and medium term."
Camplify was "proud" of its response to
disastrous floods, particularly in northern NSW, and its support for those
Mr Bagnall said an agreement to buy leading European RV sharing company
PaulCamper was expected to double the size of the existing Camplify fleet,
bookings and customer base.
"This transformational acquisition cements Camplify’s position as a leader
in the Australian, New Zealand and European markets," he said.
The board and management continued to be focused on expansion both
organically and via acquisition opportunities to build shareholder value.
"We also recognise that we need to balance growth with
profitability while continuing to build a global leading business," Mr
Founder and chief executive Justin Hales said
he was "extremely proud" of the business.
"Camplify is extremely well positioned, we are well funded with a healthy
balance sheet and strong customer demand," he said.
"Our commitment to seeing the business as a global player in the RV market
will drive our business forward with successful progress in FY23, which
has been supported by recent M&A activity.
"Camplify is building a strong scalable, well-supported business, with
significant tailwinds supporting us."
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