Australia's Camplify falls on weak forecast from platform migration delay

Camplify Holdings

15/05/2024 03:39

** Shares of Camplify Holdings  CHL.AX  fall as much as
17.1%, their lowest since Aug. 3, 2021
    ** Digital marketplace platform says delay in migration and
integration of its PaulCamper GmbH platform had material impact
on customer bookings and activity during the migration period
    ** Co sees reduction of A$3.5 mln ($2.32 mln) to A$4 mln in
FY24 revenue from the impact 
    ** About 638,000 shares change hands, compared with the
30-day average volume of 74,000
    ** CHL stock down 34.8% YTD as of last close
 


($1 = 1.5072 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))