Tourism Holdings warns against overly optimistic expectations

Motorhome sales and margins have been beating expectations. (Image: Deposit Photos)

Thu, 26 Aug 2021

Tourism Holdings posed an annual loss as it coped with the global pandemic wiping out its bread-and-butter customer base, but is warning analysts to tone down their expectations for the year ahead.The rental campervan operator had already prepared analysts for the red ink, albeit at the lower end of its range, and today reported a net loss of $14.5 million in the 12 months ended June 30, turning around a profit of $27.4m a year earlier when it slashed costs to cope with the outbreak of covid-19.“We are not pleased with the net loss after...

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