strong, says annual report
weathers the 'COVID storm'
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CARAVAN and campervan sharing platform
Camplify has reported strong financial results despite the pandemic.
"As a business with a culture driven by innovation and change, Camplify
has weathered the COVID storm well," chief executive and founder Justin
Hales (pictured) writes in the company's annual
The NSW-based company also has operations in Britain,
Spain and New Zealand, but Australia remains its
The report shows that
the 2020-2021 financial year saw a total gross
transaction value of $29.6 million, representing a pcp growth of 158
percent compared to the previous year.
Revenue saw strong growth in the Australian market with a result of $7.4
million, representing pcp growth of 165 percent.
The report said that despite experiencing 10 regional lockdowns and
regular border restrictions, its Australian operations had seen strong
demand and growth.
The clear sign of people wanting to travel and utilise Camplify's
service was a "strong indicator" of future performance,
And with a growing fleet, the
company would be well positioned to deliver when Australian
travellers returned to a restriction-free border environment.
Mr Hales said Camplify's Australian and New
Zealand premium membership had grown by 971 members to a total of 2036,
with a recurring revenue subscription of $1.4 million annually.
'Lockdowns have a
path to being lifted'
With the rollout of vaccine programs in all
its key markets continuing at rapid rates, signs of restricted free
domestic tourism remained strong.
"Although localised lockdowns and government restrictions remain in place
in certain markets in Australia, these lockdowns have a path to being
lifted as the vaccine rollouts continue," he said.
As COVID variants continued to develop, a return to pre-COVID unrestricted
international travel seemed some time away.
"Camplify has shown its ability to present customers with a
self-contained, self-managed holiday solution through its extensive
distribution of RVs," Mr Hales said.
"Demand remains strong in the market for both rental and purchasing of RVs
in all markets.
"As restrictions ease and consumer confidence grows, Camplify is well
positioned to continue its growth patterns and service our growing
customer base and overall market."
The company was pleased with the strong support
shown by customers booking future travel and securing their plans for the
next financial year, he said.
It would continue to build on these future
bookings with additional marketing campaigns in all markets.
"Due to our recent capital raise process, Camplify will be continuing to
invest in marketing efforts to grow both our RV rental fleet and
holidaymakers looking to rent from our network," he added.
Chairman Trent Bagnall said it was clear that
Camplify was building "a remarkable business" which would result in a
highly scalable global company.
"The board and management team have high expectations and the results
during the FY21 year demonstrate that our business model can deliver on
that promise," he said.
"Particularly pleasing has been the rapid top-line GTV (gross transaction
revenue) and revenue growth while maintaining excellent take rates and
"The business ̶
led by our CEO Justin Hales
̶ continues to be agile and
innovative, expanding into new markets and bringing new products to our
"Our customers, led by our premium members, are
the strength of Camplify and we continue to look to improving customer
experience and building increased loyalty."
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