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Tourism Holdings Limited ( (AU:THL) ) has issued an update.
Tourism Holdings Limited announced the closure of its RV manufacturing factory in Brisbane, transitioning production to Action Manufacturing in Hamilton, New Zealand. This strategic move, driven by a downturn in the Australian RV manufacturing industry and recent dealership consolidation, will result in approximately 110 job losses in Australia. The transition aims to capture cost advantages and maintain overhead leverage, positioning thl for future growth. While some roles will be offset in New Zealand, the majority of support roles will not be duplicated. The company remains committed to the Australian market through its RV rental business.
The most recent analyst rating on (AU:THL) stock is a Buy with a A$2.94 price target. To see the full list of analyst forecasts on Tourism Holdings Limited stock, see the AU:THL Stock Forecast page.
More about Tourism Holdings Limited
Tourism Holdings Limited (thl) is a global tourism operator and the largest commercial RV rental operator in the world, listed on the NZX and ASX. In New Zealand and Australia, thl operates various rental and retail brands, manufacturing, travel technology, and tourism attractions. In North America, it operates several RV rental brands, and in the UK and Europe, it manages additional rental brands.
Average Trading Volume: 19,918
Technical Sentiment Signal: Buy
Current Market Cap: A$497.9M
For an in-depth examination of THL stock, go to TipRanks’ Overview page.