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NOVEMBER 2022
     

Fleet expected to double

Camplify continues strong growth

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NSW-based 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 flood-affected communities.

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 Bagnall said.

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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