JumpYard interim report Q3 2024 – challenging quarter due to weather and tough comparison figures

JumpYard, one of the largest and fastest-growing companies in the European trampoline and activity park market, has released its financial result for the third quarter of 2024.

CEO Pelle Möller comments:

From a revenue perspective, the third quarter was challenging due to weather conditions in the Nordics combined with tough comparison figures. However, the quarter had several bright spots – we successfully managed to adjust site costs to align with lower revenues, delivered record levels of guest satisfaction and safety, and made our two most successful launches ever in Heron City (Stockholm) and Bonaire (Valencia), both with record-high revenues and low fixed as well as variable cost. Additionally, we signed a lease agreement for our second site in Madrid. The quality of our pipeline is stronger than ever, and I am confident our two recent launches have set a new standard for us. As we move into colder months, I am optimistic about our future both short- and long-term.

Third quarter of 2024 (compared to the same quarter last year in parentheses)

• Total revenue of SEK 102.3 million (91.9)
• Total growth of 11.2% (50.8), and comparable growth of -17.4% (36.0)
• Adjusted site EBITDA of SEK 29.4 million (34.9), and adjusted EBITDA of 15.3 million (26.0)

First three quarters of 2024 (compared to the same period last year in parentheses)

• Total revenue of SEK 323.8 million (248.8)
• Total growth of 30.2% (38.5), and comparable site growth of -3.5% (15.4)
• Adjusted site EBITDA of SEK 99.0 million (77.1), and adjusted EBITDA of SEK 57.5 million (50.9)

Significant events in the third quarter

• In July, JumpYard Heron City launched
• In August, JumpYard Valencia launched

Significant events after the reporting period

• In October, JumpYard Valencia was temporarily closed due to the storm that affected the region. A reopening date has not yet been set, but in the meantime, the insurance policy covers lost revenue as well as operating and repair costs
• In November, the lease agreement for JumpYard Getafe was signed, which will be the Company’s second site in Madrid
• October 2024 revenue and EBITDA at SEK 41.7 million (30.4) and SEK 8.9 million (6.6), respectively

This information is information that JY Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 09:30 CET on November 22, 2024.  

The complete report is available for download at https://www.jumpyard.se/investor-relations

From Q4 and onwards, the company will arrange an earnings call webcast to discuss the financial results of the reporting period.