Tourism Holdings Roadmap Eases Balance Sheet Concerns -- Market Talk

Dow Jones08-05

0038 GMT - Recreational vehicle company Tourism Holdings' roadmap eases worries about its debt load, Forsyth Barr says. Tourism Holdings has signaled a possible sale of its U.K. and Ireland division, and reductions in overhead costs and inventory in Australia, as it looks to improve performance. The company expects net debt to continue to fall toward NZ$400 million by FY 2028-2029. Analyst Andy Bowley highlights expectations of a net increase of only 500 fleet vehicles over the next 3-4 years, along with the potential exit from U.K. and Ireland which has been a loss-making foray. "This should remove lingering investor concerns over the balance sheet," says Forsyth Barr. It retains an outperform call on the stock. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

August 04, 2025 20:38 ET (00:38 GMT)

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Tourism Holdings has signaled a possible sale of its U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. and Ireland division, and reductions in overhead costs and inventory in Australia, as it looks to improve performance. The company expects net debt to continue to fall toward NZ$400 million by FY 2028-2029. Analyst Andy Bowley highlights expectations of a net increase of only 500 fleet vehicles over the next 3-4 years, along with the potential exit from U.K. and Ireland which has been a loss-making foray. \"This should remove lingering investor concerns over the balance sheet,\" says Forsyth Barr. It retains an outperform call on the stock. 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