Share
Main elements from AGM presentation (21.10.21) :
- FY 21 was a tough year with - 10 % for revenues (359 m) and EBIT loss of 8.3 m,
- total fleet was decreased by 27 % to 4,242 vehicles,
- positive elements : record vehicle sales revenue and volume, as well as average vehicle sales margin in all their 3 countries (Australia, NZ and US) and + 60 % for sales of goods (229 m),
- no current plan to increase capital despite 49 m of net debt,
- "broadly, we see no structural reason why THL can't achieve the 50 m NPAT target we set in 2017, within 2 years of global tourism operating in a pre-covid-like manner",
- performance still poor for Q1 22 : operating at approximatively 40 % utilisation in Australia and 20 % in NZ,
- more cautious on NZ vs their 2 other markets (USA and Australia).
