Tourism Holdings Limited ( (AU:THL) ) has shared an update.
Tourism Holdings Limited has announced a challenging trading update for FY25, citing global geopolitical and tariff developments that have weakened consumer confidence and reduced vehicle sales demand. The company is experiencing a significant decline in international bookings for USA rentals, with a 40-50% drop in bookings from key European countries compared to last year. Although domestic rental demand in the USA has slightly increased, it is insufficient to offset the international shortfall. Other markets like Canada are seeing growth, but not enough to compensate for the losses in the USA. Consequently, thl expects its underlying NPAT for FY25 to fall significantly below the analyst consensus of $45.2M, although it remains confident in its financial position without needing to raise equity.
More about Tourism Holdings Limited
Tourism Holdings Limited (thl) is a global tourism operator and the largest commercial RV rental operator in the world. It operates various rental and retail brands in New Zealand, Australia, North America, the UK, and Europe, including Maui, Britz, Apollo, Mighty, and others. The company also engages in manufacturing, retail dealerships, travel technology, and tourism attractions.
YTD Price Performance: -17.30%
Average Trading Volume: 23,571
Technical Sentiment Signal: Buy
Current Market Cap: A$339M
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