Press room for First Camp Group

As separately communicated, United Camping group has entered into binding agreements for the divestment of all its shares of Grönklittsgruppen AB (publ). The selling  company is outside of First Camp Group AB and its subsidiaries. The bond holders of First Camp Group AB will therefore not be directly affected by this transaction.

In an Extra General Meeting on 15 July, the shareholders of Grönklittsgruppen AB (publ) approved the proposal to divest the company’s camping business, Svenska Campingpärlor AB and related assets, to the United Camping group of which First Camp Group AB is part. The acquiring company is outside of First Camp Group AB and its subsidiaries. The bond holders of First Camp Group AB will therefore not be directly affected by this transaction.

Business on the books for First Camp, the largest campsite chain in Scandinavia, for July-August is currently 25 percent higher than in 2020, and 13 percent higher than 2019, which was a record year.

The annual general meeting of First Camp Group AB was held today, 28 June 2021. The resolutions passed included the following.

The shareholders of Grönklittsgruppen AB (publ) are summoned to an Extra General Meeting regarding the divestment of the company’s camping business, Svenska Campingpärlor AB and related assets, to the United Camping group of which First Camp Group AB is part. The acquiring company is outside of First Camp Group AB and its subsidiaries. The bond holders of First Camp Group AB will therefore not be directly affected by this transaction.

Today, June 17, Ian Poppelman has at an extra general meeting been elected to the board of First Camp Group AB. Ian is Investment Manager at Norvestor Advisory AS, the investment advisory firm that represents First Camp Group AB's main owner Norvestor VII L.P.

To clarify and simplify communication with investors, guests and partners, the company's name is now changed from United Camping AB to First Camp Group AB. This due to that the company's primary brand is First Camp in all of its operating markets.

First Camp, Scandinavia’s largest campsite chain with its parent company United Camping AB, increased revenues in the first quarter of 2021 by 24% vs same period in 2020, excluding effects from acquisitions (pro forma).

First Camp, Scandinavia’s largest campsite chain with its parent company United Camping AB, increased revenues in the first quarter of 2021 by 24% vs same period in 2020, excluding effects from acquisitions (pro forma).

The annual report and annual statement of United Camping AB, with the brand First Camp, for 2020 have been published today, April the 28th. The annual statement includes an overview of the camping market, a summary about First Camp’s sustainability work as well as CEO comments for the year.

As separately communicated, United Camping Bidco AB has entered into further binding agreements for the acquisition of shares of Grönklittsgruppen AB (publ). The acquired company is outside of United Camping AB and its subsidiaries. The bond holders of United Camping AB will therefore not be directly affected by this transaction.

As separately communicated, United Camping Bidco AB has entered into a binding agreement for the acquisition of 39.7 percent of the shares of Grönklittsgruppen AB (publ), a leading operator within the hospitality industry. The acquired company is outside of United Camping AB and its subsidiaries. The bond holders of United Camping AB will therefore not be directly affected by this transaction.

First Camp, Scandinavia’s largest campsite chain with its parent company United Camping AB, reached 378 million SEK in revenues in 2020 (-1% vs 2019). Excluding effects from acquisitions (proforma) revenues decreased by 16%, which is substantially less than for many other players in the travel industry. Also, First Camp gained market share in the camping market.

Scandinavia’s largest campsite chain, First Camp, plans to pursue large investments ahead of the 2021 season. Recently Frigård camping in Denmark was acquired, which becomes First Camp’s 45th destination. Furthermore, large investments are planned to upgrade First Camp’s existing campsites. The total investment amount is approx. 130 MSEK.

On 5 December 2019, United Camping, the parent company of First Camp Group, issued senior covered bonds in the amount of SEK 700 million within a total framework amount of SEK 1,500 million. United Camping has received approval for listing of the bond on Nasdaq Stockholm.

Summary of the second quarter for United Camping.

Summary of the first quarter for First Camp.