Declining RV market in America forces THL to restate projections

Listen to this story

AUCKLAND, New Zealand — New Zealand tourism company Tourism Holdings Limited (THL) announced today that it has lowered profit expectations following a decline in the U.S. RV market.

In a notice sent out today, The company now expects net operating profit after tax (NPAT) to be between $25 million to $28 million for the year ending June 30.

The previously announced guidance was for NPAT of around $32 million.

The primary reason for the revised guidance is that the vehicle sales market in the United States has continued to deteriorate and THL’s expectations for the financial year are now substantially below previous forecasts, the announcement indicated.

Performance in the New Zealand and Australian markets remain on track with a solid outlook, the company noted.

A decisive operational and capital review of U.S. operations has been launched and an update on that review will be provided to the market before the end of May.

SOURCE: Tourism Holdings Limited bulletin

Greg Gerber

Greg Gerber

A journalist who has covered the recreation vehicle industry since January 2000, Greg Gerber founded RV Daily Report on April Fool's Day in 2009. He also serves as the editor of the publication and website. As an Eagle Scout, he has enjoyed camping for decades and has visited every state except Hawaii. A DODO -- Dad of Daughters Only -- to three young women, he has two grandchildren as well. He currently splits his time between Wisconsin, Texas and Arizona. Greg can be reached at editor@rvdailyreport.com.

Leave a Comment

Get Daily News Delivered

Get Weekly News Delivered

Multi-stage battery
charging with IOTA IQ4
Smart Controller

Recent Posts

Get Daily RV News Delivered

Every day we send a summary of the most important news via email. Make sure you don’t miss anything.