Tourism Holdings Limited (ASX:THL) Releases FY25 Trading Update
Trading Performance
Tourism Holdings Limited (thl) reported a decline in vehicle sales demand and margins across all countries due to weakened consumer confidence.
Market Impact
Global geopolitical and tariff developments have led to a substantial slowdown in new bookings and increased cancellations for USA rentals. Booking intakes from key European countries are down 40-50% compared to last year.
Financial Outlook
thl expects underlying NPAT for FY25 to be significantly below the analyst consensus of $45.2M. The company has no intention to raise equity and remains comfortable with its banking covenant position.
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