• Revenues from ordinary activities down 18.9% to $20.1m
• Loss from ordinary activities after tax attributable to the owners of Camplife Holdings Limited up 16.9% to $4.1m
• Loss for the half-year attributable to the owners of Camplife Holdings Limited up 16.9% to $4.1m

Camplife Holdings Limited (CHL) operates Camplife and PaulCamper and is one of the world's leading peer-to-peer (P2P) digital marketplace platforms connecting recreational vehicle (RV) owners with hirers in multiple countries. FY18 for CHL is a year for optimisation of operations and systems, consolidating its operations and focusing on cost control. During this period CHL focused its efforts on four key outcomes: maintaining and developing core markets including Australia, New Zealand, Spain, and the UK; working in the PaulCamper European countries to recover from the migration with a focus on H2FY18 where seasonal trade starts; developing its insurance offering enabling a member first strategy towards membership services; and improving the efficiency of technology, enabling a reduced workforce and improved platform optimisation. The business saw a reduction in trade in core markets of Germany and Australia, while markets such as New Zealand continued strong growth. During this period CHL delivered a GTV of $98.7m, a decrease on the previous year of 29.1%. While GTV reduced at this rate, revenue of $20.0m was achieved, a decrease of 18.9% on the previous year. CHL increased its take rate from 25.2% to 30.8%. The loss for the consolidated entity after providing for income tax amounted to $4.1m (31 December 2016: $2.5m).

CHL closed out the half with $28.2m in future bookings (adjusted without TAP bookings). Future bookings enable CHL to build in H2FY18, and provide an excellent understanding of future demand and performance of market place segments.

A key focus for CHL in FY18 is the global rollout of our MyWay member products across all markets. Insurance is a key product offering for customers on both sides of the marketplace. CHL has made significant steps in the process, and expects to have a member first risk product in market for all RV owners in Q4FY18. This new division will not only grow our core marketplace, it will also allow for the retailing of products outside of our customer base in the future.