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Tourism Holdings hits its lower profit bar at $51.8 million

Plans to ‘moderate’ rental fleet size in the coming year as $100m earnings target reset.

Road Bear RV rentals is a THL business in the US.

Key points
  • Revenue: At $922m, up from $663.8m.
  • Underlying profit: at $51.8m, in line with company guidance issued in May.
  • Main takeaway: Strong performance from manufacturing business offsets soft RV rental results, particularly from its North American and European businesses.

Tourism Holdings, the world’s largest camper van rental operator with almost 8000 vehicles, has rolled out net profit after tax of $51.8 million, helped by its trans-Tasman manufacturing business.

Factoring in a $12.4m goodwill impairment related to its UK/Ireland business, statutory npat came in

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Brent Melville Tue, 27 Aug 2024
Contact the Writer: bmelville@nbr.co.nz
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Key points
  • Revenue: At $922m, up from $663.8m.
  • Underlying profit: at $51.8m, in line with company guidance issued in May.
  • Main takeaway: Strong performance from manufacturing business offsets soft RV rental results, particularly from its North American and European businesses.
Company profile
Powered by: nzx logo
Change:
Price
Previous Close
Turnover
Movement
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52 Week High
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Tourism Holdings hits its lower profit bar at $51.8 million
Investment,
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