Tourism Holdings Limited (NZX: THL) FY21 Market Update

Wednesday 23rd December 2020

At the 2020 Annual Meeting, thl provided a strategic plan for the coming period. The business has been successfully executing to that plan. In line with thl’s strategy, thl continues to reinvest in fleet and other resources across its businesses to ensure that it is best placed for a recovery when border and travel restrictions are loosened.

While it is not currently possible to provide a credible forecast for the FY21 result, based on current expectations, the loss for FY21 is expected to be greater than the average of the results projected by market analysts (Average net loss after tax projection of $12.8 million between Carter Bar, Ord Minnett, Jarden and Forsyth Barr). However, it is noted that some of those projections were released prior to thl’s 2020 Annual Meeting.

A more comprehensive update will be provided with thl’s half year results.

See the link below for more details:

NZX Release - FY21 Market Update

Source: Tourism Holdings Limited

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