Tourism Holdings Limited Announces Consolidated Unaudited Earnings Results for the Six Months Ended December 31, 2017; Provides Earnings Guidance for the Full Year of Fiscal 2018
February 21, 2018
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Tourism Holdings Limited announced consolidated unaudited earnings results for the six months ended December 31, 2017. For the period, the company reported sales of services of $135,988,000 against $96,805,000 a year ago. Sales of goods was $73,078,000 against $49,160,000 a year ago. Total revenue was $209,066,000 against $145,965,000 a year ago. Operating profit before financing costs was $33,347,000 against $18,737,000 a year ago. Profit before tax was $29,880,000 against $17,707,000 a year ago. Profit for the period was $22,782,000 or 18.1 cents per diluted share against $11,270,000 or 9.4 cents per diluted share a year ago. Net cash flows from operating activities was $9,377,000 against net cash flows used in operating activities $857,000 a year ago. Purchase of property, plant and equipment was $2,004,000 against $4,094,000 a year ago. Purchase of intangibles was $459,000 against $1,243,000 a year ago. Net debt at December 31, 2017 was $178 million, compared
to $103 million in the pcp.
The company provided earnings guidance for the full year of fiscal 2018. The company expects NPAT result for the full year of between $55 million and $59 million, including the non-recurring items, and $36 million and $40 million excluding them. Capital expenditure has been largely as planned, with a similar mix of flex fleet and core fleet investments over the period. The target net capital spend for the year is forecast at around $37 million.
Tourism Holdings Limited is a New Zealand-based tourism company. The Company is a commercial recreational vehicle (RV) rental operator. It also operates tourism adventure, travel technology and commercial vehicle manufacturing businesses. In New Zealand/Australia, it operates rental brands (Maui, Britz, Apollo, Mighty, Hippie, Cheapa Campa), manufacturing (Action Manufacturing, Apollo), retail brands (Talvor, Kea, Winnebago, Adria, Coromal, Windsor), retail dealerships (RV Super Centre, Apollo RV Sales, Kratzmann, George Day, Sydney RV, E-Camperco), travel technology (TripTech) and tourism attractions (Kiwi Experience and the Discover Waitomo Group, which includes Waitomo Glowworm Caves, Ruakuri Cave, Aranui Cave and The Legendary Black Water Rafting Co.). In North America, it operates the Road Bear RV, El Monte RV, CanaDream, Britz and Mighty rental brands. In the United Kingdom and Europe, it operates the Just go, Apollo and Bunk Campers rental brands.
Tourism Holdings Limited Announces Consolidated Unaudited Earnings Results for the Six Months Ended December 31, 2017; Provides Earnings Guidance for the Full Year of Fiscal 2018