Reuters logo
8 months ago
BRIEF-Tourism holdings acquires El Monte RV Rental and Sales business
December 20, 2016 / 11:12 PM / 8 months ago

BRIEF-Tourism holdings acquires El Monte RV Rental and Sales business

Dec 21 (Reuters) - Tourism Holdings Ltd

* Acquisition funded by $82.2m of debt and 3.4m thl shares

* New NPAT goal set of $50m; to be achieved in FY20

* Half-year npat forecast is $11.1m versus. Prior corresponding period of $8.2m

* Acquisition of el monte, 2020 goal of nz$50m npat and digital platform growth

* Significant synergies in fleet and operations are expected to be realised within three years

* In calendar year 2017, el monte business is expected to deliver ebit of US$6.6m Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below