Tourism Holdings profits up 17%, opens door to new offer
Company chair signals the motorhome company is open to a revised bid from the Apollo RV founder consortium or ‘other potential bidders’ at above $663m level.
THL announced the sale of its UK business, including Just Go motorhomes.
Revenue: up 4.1% at $477.3m, on $458.4m for the comparable six months.
Profit: statutory net profit after tax at $29.6m, up 14.5%.
Main takeaway: A resurgent performance, while the company takes remedial action in its US market, hives off its underperforming UK division, and leaves the gate open for a revised takeover offer.
Tourism Holdings says it’s still struggling to make headway in the important US market, on the back of the imposition of a tariff regime that has taken international road travel “off the menu” in that market.
The dual New Zealand/Australian-listed motorhome rental and sales company – the
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Key points
Revenue: up 4.1% at $477.3m, on $458.4m for the comparable six months.
Profit: statutory net profit after tax at $29.6m, up 14.5%.
Main takeaway: A resurgent performance, while the company takes remedial action in its US market, hives off its underperforming UK division, and leaves the gate open for a revised takeover offer.
