Market update and FY22 guidance

Tourism Holdings Limited (thl) today provided a market update and FY22 guidance.

thl expects its FY22 statutory net loss after tax to be in the range of $2M to $4M, with its underlying net loss after tax expected to be in the range of $4.7M to $6.7M.

Net capital expenditure for FY22 is expected to be positive but below the earlier guidance range of $25M to $40M, and net debt is expected to be in the range of $85M to $95M.

The company is also considering the future of the Kiwi Experience business, and has engaged KPMG to explore indications of interest for a potential divestment.