Tourism Holdings Limited FY25 profit outlook significantly reduced
Tourism Holdings Limited (NZX:THL) has revised its FY25 earnings expectations downward, citing recent global geopolitical and tariff developments that have negatively impacted consumer confidence and vehicle sales. A sharp decline in inbound travel to the USA, with booking intakes down 40-50% year-on-year from key European countries, is a major factor. While domestic rental demand in the USA has seen a slight increase, it is not expected to offset the shortfall from international bookings. The company now expects its underlying NPAT for FY25 to fall significantly below the current analyst consensus of NZD 45.2M. However, THL confirms it is comfortable with its banking covenant position and has no intention to raise equity. The company will continue to assess the situation and provide further updates as certainty increases.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
News Alerts
Get instant email alerts when Tourism Holdings publishes news
Free account required • Unsubscribe anytime