Annuncio • Jul 23
Tourism Holdings Limited to Report Fiscal Year 2026 Results on Aug 25, 2026 Tourism Holdings Limited announced that they will report fiscal year 2026 results on Aug 25, 2026 Annuncio • Jun 25
An undisclosed buyer proposed to acquire Tourism Holdings Limited (NZSE:THL) from BGH Capital and others for approximately NZD 750 million. An undisclosed buyer proposed to acquire Tourism Holdings Limited (NZSE:THL) from BGH Capital and others for approximately NZD 750 million on June 25, 2026. A cash consideration will be paid by the buyer. The deal is expressed to be at an indicative price of NZD 3.30 to NZD 3.40 per share. Shareholders do not need to take any action at this time in relation to either NBIO. The Board has agreed to grant access to the strategic buyer to undertake due diligence, under an appropriate confidentiality agreement that has been executed by both parties.
The transaction is subject to subject to antitrust regulations, consummation of due diligence investigation, approval by regulatory board / committee, approval of merger agreement by target board and third party approval needed. Annuncio • Jun 02
Tourism Holdings Limited Announces Appointment of Kylie Elsom as Chief People and Capability Officer, Effective September 2026 Tourism Holdings Limited announced the appointment of Kylie Elsom as Chief People and Capability Officer. Following a period of vacancy, and in response to sustained business growth and the need to further build global capability, thl progressed to fill this role. Kylie has deep people leadership experience with complex and global businesses, having worked at Vodafone New Zealand, MediaWorks New Zealand, Warner Bros Discovery New Zealand and more recently Pie Funds New Zealand. Kylie is expected to commence in the role in September 2026 and will be based at thl’s Auckland head office. Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. CEO & Executive Director Grant Webster was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 01
Indie Campers, LDA completed the acquisition of UK & Ireland business assets of Tourism Holdings Limited (NZSE:THL). Indie Campers, LDA entered into a conditional agreement to acquire UK & Ireland business assets of Tourism Holdings Limited (NZSE:THL) for NZD 58.3 million on February 16, 2026. A cash consideration of NZD 58.3 million will be paid by Indie Campers, LDA. As part of consideration, NZD 58.3 million is paid towards assets of UK & Ireland business assets of Tourism Holdings Limited. The total proceeds from the sale are expected to be circa NZD 58.3 million, comprising: net asset value of the assets sold of up to approximately NZD 51.7 million, goodwill of approximately NZD 8 million, costs associated with certain obligations and other transaction-related expenses of approximately NZD1.4 million.
As of December 31, 2025, UK & Ireland business assets of Tourism Holdings Limited reported net asset value of the assets of NZD 51.7 million.
The terms of the sale include :completion being conditional on the landlords of the depots consenting to the assignment of leases. thl and Indie Campers will engage with those landlords immediately after signing to obtain their consent, which under the respective lease terms cannot be unreasonably withheld; thl underwriting a 15% vehicle sales margin on the future resale of the fleet sold to Indie Campers over a three-year period, with the total underwrite capped at the goodwill value. By comparison, thl achieved an average retail vehicle sales margin of 22% in H1 FY26; and a three-year restraint of trade preventing thl from competing with the business in the UK & Ireland markets. The transaction is expected to generate a one-off gain of up to NZD 6.8 million, representing goodwill net of certain committed costs, including transaction costs. thl expects to use the total sales proceeds towards the repayment of debt. Due to the timing of the sale in the financial year, the transaction will negatively impact underlying EBIT in H2 FY26 by NZD 1.1 million, reflecting the loss of the UK & Ireland’s high-season earnings in the Q4 period. Completion is expected in Q4 FY26.
André Matias de Almeida of Proença de Carvalho acted as legal advisor for Indie Campers, LDA.
Indie Campers, LDA completed the acquisition of UK & Ireland business assets of Tourism Holdings Limited (NZSE:THL) on March 31, 2026. Annuncio • Feb 25
Tourism Holdings Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2025, Payable on April 10, 2026 Tourism Holdings Limited announced ordinary dividend of NZD 0.03529412 for the six months ended December 31, 2025. Record date is March 27, 2026. Ex-date is March 26, 2026. The dividend will be payable on April 10, 2026. Annuncio • Dec 22
Tourism Holdings Limited to Report First Half, 2026 Results on Feb 23, 2026 Tourism Holdings Limited announced that they will report first half, 2026 results on Feb 23, 2026 Annuncio • Sep 09
Tourism Holdings Limited, Annual General Meeting, Sep 23, 2025 Tourism Holdings Limited, Annual General Meeting, Sep 23, 2025. Annuncio • Aug 25
Tourism Holdings Limited Announces Unfranked Ordinary Dividend for the Six Months Ended June 30, 2025, Payable on October 3, 2025 Tourism Holdings Limited announced an unfranked ordinary dividend of NZD 0.04705882 for the six months ended June 30, 2025. Record Date: September 19, 2025. Ex Date: September 18, 2025. Payment Date: October 3, 2025. Annuncio • Aug 04
BGH Capital, Luke Trouchet and Karl Trouchet cancelled the acquisition of an additional 80.01% stake in Tourism Holdings Limited (NZSE:THL). BGH Capital, Luke Trouchet and Karl Trouchet made an unsolicited, conditional, non-binding indicative proposal to acquire an additional 80.01% stake in Tourism Holdings Limited (NZSE:THL) for approximately NZD 410 million on June 15, 2025. A cash consideration of NZD 406.87 million valued at NZD 2.3 per share will be paid by BGH Capital. As part of consideration, NZD 406.87 million is paid towards common equity of Tourism Holdings Limited. Prior to the proposal, BGH Capital and Luke Trouchet and Karl Trouchet held 8.195% stake and 11.795% stake respectively in Tourism Holdings Limited.
The transaction is subject to approval of merger agreement by the target board unanimously recommending shareholders accept the proposal, consummation of due diligence investigation, finalization of debt arrangements and BGH Capital receiving final approval from Investment Review Committee. A Committee of Independent Directors was formed to assist in its assessment of the proposal by BGH Capital. As of August 4, 2025, based on careful consideration and external analysis the Board of Directors of Tourism Holdings Limited is of the view that the value of Tourism Holdings Limited is NZD 3 per share, hence the Board has formally communicated to the Consortium that it rejects its current offer.
Jarden Securities Limited acted as financial advisor for Tourism Holdings Limited. Minter Ellison Rudd Watts acted as legal advisor for Tourism Holdings Limited. Bell Gully acted as legal advisor for Tourism Holdings Limited.
BGH Capital, Luke Trouchet and Karl Trouchet cancelled the acquisition of an additional 80.01% stake in Tourism Holdings Limited (NZSE:THL) on August 4, 2025. Annuncio • Jul 04
Tourism Holdings Limited to Report Fiscal Year 2025 Results on Aug 25, 2025 Tourism Holdings Limited announced that they will report fiscal year 2025 results at 4:45 PM, IDLE - International Date Line on Aug 25, 2025 Annuncio • Feb 25
Tourism Holdings Limited Approves Fully Imputed and Unfranked 2025 Interim Dividend, Payable on 4 April 2025 On 24 February 2025, the Directors of Tourism Holdings Limited approved a fully imputed and unfranked 2025 interim dividend of 2.5 cents per share payable on 4 April 2025. Annuncio • Jan 21
Tourism Holdings Limited Announces the Resignation of Scott Fahey as Chief Customer and Revenue Officer Tourism Holdings Limited announced the resignation of Scott Fahey, Chief Customer and Revenue Officer, due to a private personal situation. The company has agreed to waive Scott's notice period. The company will review the organizational structure and commence a recruitment process for the vacant position. Annuncio • Jan 13
Tourism Holdings Limited to Report First Half, 2025 Results on Feb 25, 2025 Tourism Holdings Limited announced that they will report first half, 2025 results on Feb 25, 2025 Annuncio • Dec 06
Tourism Holdings Limited Announces Chief Financial Officer Changes Tourism Holdings Limited announced that a restructuring of two Executive positions has been completed combining the Chief Financial Officer role and the Chief People and Transformation Officer role. Ollie Farnsworth (currently Chief People and Transformation Officer) has been appointed to the newly created position, and Cameron Mathewson (currently Chief Financial Officer) will be leaving the business at the end of the calendar year. Ollie Farnsworth has been with the business for over seven years and has extensive experience across a variety of functions. Ollie commenced his career in consultant services with Deloitte New Zealand and will be well supported by Steven Hall Deputy Chief Financial Officer from a finance perspective. Ollie will commence in the role from 1 January 2025. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €1.15, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Transportation industry in Europe. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.89 per share. Annuncio • Oct 17
Tourism Holdings Limited Approves Final Dividend The Board of Tourism Holdings Limited approved a final dividend of 5 cents per share for the financial year, bringing the total dividend for FY24 to 9.5 cents per share. Upcoming Dividend • Sep 13
Upcoming dividend of NZ$0.059 per share Eligible shareholders must have bought the stock before 19 September 2024. Payment date: 04 October 2024. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.9%). In line with average of industry peers (5.0%). Annuncio • Sep 02
Tourism Holdings Limited, Annual General Meeting, Sep 16, 2024 Tourism Holdings Limited, Annual General Meeting, Sep 16, 2024. Reported Earnings • Aug 27
Full year 2024 earnings released: EPS: NZ$0.18 (vs NZ$0.26 in FY 2023) Full year 2024 results: EPS: NZ$0.18 (down from NZ$0.26 in FY 2023). Revenue: NZ$921.7m (up 39% from FY 2023). Net income: NZ$39.4m (down 21% from FY 2023). Profit margin: 4.3% (down from 7.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annuncio • Jul 01
Tourism Holdings Limited to Report Fiscal Year 2024 Results on Aug 27, 2024 Tourism Holdings Limited announced that they will report fiscal year 2024 results on Aug 27, 2024 Annuncio • Jun 13
Tourism Holdings Limited Announces Resignation of Debbie Birch as Director, Effective October 2024 Tourism Holdings Limited announced that Debbie Birch has informed thl that she will not be offering herself for re-election at the 2024 Annual Meeting, at which she is due to retire by rotation in accordance with the NZX Listing Rules. Debbie will be continuing as a director of thl until no later than the 2024 Annual Meeting. The Annual Meeting is to be held in October 2024. Valuation Update With 7 Day Price Move • May 07
Investor sentiment deteriorates as stock falls 32% After last week's 32% share price decline to €1.07, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Transportation industry in Europe. Total loss to shareholders of 24% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.86 per share. New Risk • May 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Significant insider selling over the past 3 months (€257k sold). Annuncio • Apr 27
Tourism Holdings Limited Announces Appointment of Kate Meldrum as COO- North America As Tourism Holdings Limited continues to focus on synergy opportunities between Canada and the USA, and with an ongoing need to generate more revenue sources within the USA, the company announced that Kate Meldrum has been appointed to the newly created role of Chief Operating Officer North America and will be responsible for both the Canadian and USA businesses. Kate has held various senior executive roles in a long career with the company, including leading group sales and marketing, Chief Operating Officer of the Australia business and more recently as Chief People and Capability Officer for the group. Kate has the experience and skills to maximise the potential opportunities within the North American market. Annuncio • Mar 22
Tourism Holdings Limited Announces the Appointment of Cameron Mathewson as Chief Financial Officer, Effective 1 July 2024 Tourism Holdings Limited announced the appointment of Cameron Mathewson to the role of Chief Financial Officer. Cameron is currently the Chief Financial Officer at Scott Technology and has been in that role since January 2021. Prior to that, Cameron held several senior financial and commercial leadership roles with large, listed companies and co-operatives in both the UK and New Zealand. This includes Chief Financial Officer for Alliance Group. Other prior roles include Chief Financial Officer/General Manager Corporate Services for Brand Developers Ltd. Cameron is expected to commence in the role on 1 July 2024. Buy Or Sell Opportunity • Mar 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €1.74. The fair value is estimated to be €2.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 93%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Recent Insider Transactions • Mar 17
Chief Transformation Officer recently sold €121k worth of stock On the 11th of March, Ollie Farnsworth sold around 64k shares on-market at roughly €1.90 per share. This transaction amounted to 93% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €461k more than they bought in the last 12 months. Upcoming Dividend • Mar 14
Upcoming dividend of NZ$0.053 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (4.6%). Annuncio • Mar 08
An undisclosed buyer acquired 14.14% stake in Camplify Holdings Limited (ASX:CHL) from Tourism Holdings Limited (NZSE:THL) for AUD 19.2 million. An undisclosed buyer acquired 14.14% stake in Camplify Holdings Limited (ASX:CHL) from Tourism Holdings Limited (NZSE:THL) for AUD 19.2 million on March 7, 2024. Under the terms, AUD 1.9 per share was paid.An undisclosed buyer completed the acquisition of 14.14% stake in Camplify Holdings Limited (ASX:CHL) from Tourism Holdings Limited (NZSE:THL) on March 7, 2024. Recent Insider Transactions • Mar 01
Independent Non Executive Director recently sold €85k worth of stock On the 27th of February, Debra Birch sold around 44k shares on-market at roughly €1.93 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €382k more than they bought in the last 12 months. Reported Earnings • Feb 21
First half 2024 earnings released: EPS: NZ$0.18 (vs NZ$0.15 in 1H 2023) First half 2024 results: EPS: NZ$0.18 (up from NZ$0.15 in 1H 2023). Revenue: NZ$449.2m (up 72% from 1H 2023). Net income: NZ$39.7m (up 58% from 1H 2023). Profit margin: 8.8% (in line with 1H 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Transportation industry in Europe. Annuncio • Feb 20
Tourism Holdings Limited Announces CFO Changes Tourism Holdings Limited advised that the recruitment process for the CFO role is ongoing. There is a clear focus on making an appointment that is right for the company which is taking longer than originally planned. Steven Hall, Deputy CFO, has recently returned to the business in a full-time capacity after a period on parental leave. Current CFO Nick Judd's final day with the company will be at the end of February 2024 and Steven Hall will operate as Acting CFO from 1 March 2024, until the recruitment process is complete. Annuncio • Jan 11
Tourism Holdings Limited to Report First Half, 2024 Results on Feb 20, 2024 Tourism Holdings Limited announced that they will report first half, 2024 results on Feb 20, 2024 Recent Insider Transactions • Dec 07
Chief Transformation Officer recently sold €170k worth of stock On the 30th of November, Ollie Farnsworth sold around 87k shares on-market at roughly €1.96 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €246k more than they bought in the last 12 months. Annuncio • Oct 19
Tourism Holdings Limited Announces Resignation of Nick Judd as Chief Financial Officer Tourism Holdings Limited has received notice from Nick Judd of his resignation as Chief Financial Officer, to take up the position of Chief Financial Officer with One New Zealand. Annuncio • Sep 25
Tourism Holdings Limited Announces Actual Final Dividend for the Twelve Months Ended June 30, 2023, Payment Date Is September 29, 2023 Tourism Holdings Limited announced actual final dividend of NZD 0.15000000 per share for the twelve months ended June 30, 2023. Record date is September 15, 2023, ex-date is September 14, 2023 and payment date is September 29, 2023. Annuncio • Aug 30
Tourism Holdings Limited Declares Final Dividend for Period of Twelve Months June 30, 2023, Payment Date Is September 29, 2023 Tourism Holdings Limited declared a final dividend for FY23 of 15 cents per share. Ex Date is September 14, 2023. Record Date is September 15, 2023. Payment Date is September 29, 2023 and to confirm its new dividend policy, which targets a pay-out ratio of 40 to 60% of underlying net profit after tax. The new policy factors in thl's equity position and anticipated fleet regrowth capital requirements. The final dividend of 15 cents per share will be 100% imputed and 25% franked, and represents the full year dividend, as no interim dividend was paid. Reported Earnings • Aug 29
Full year 2023 earnings released: EPS: NZ$0.26 (vs NZ$0.01 loss in FY 2022) Full year 2023 results: EPS: NZ$0.26 (up from NZ$0.01 loss in FY 2022). Revenue: NZ$663.8m (up 92% from FY 2022). Net income: NZ$49.9m (up NZ$51.3m from FY 2022). Profit margin: 7.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Transportation industry in Europe. Annuncio • Jul 06
Tourism Holdings Limited to Report Fiscal Year 2023 Results on Aug 29, 2023 Tourism Holdings Limited announced that they will report fiscal year 2023 results on Aug 29, 2023 Recent Insider Transactions • Mar 26
Chief Financial Officer recently sold €57k worth of stock On the 21st of March, Nicholas Judd sold around 25k shares on-market at roughly €2.29 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Nicholas' only on-market trade for the last 12 months. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: NZ$0.15 (vs NZ$0.027 loss in 1H 2022) First half 2023 results: EPS: NZ$0.15 (up from NZ$0.027 loss in 1H 2022). Revenue: NZ$261.0m (up 49% from 1H 2022). Net income: NZ$25.2m (up NZ$29.2m from 1H 2022). Profit margin: 9.7% (up from net loss in 1H 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Transportation industry in Europe. Annuncio • Jan 12
Tourism Holdings Limited to Report First Half, 2023 Results on Feb 23, 2023 Tourism Holdings Limited announced that they will report first half, 2023 results on Feb 23, 2023 Recent Insider Transactions • Dec 09
Chief Executive Officer recently sold €336k worth of stock On the 2nd of December, Grant Webster sold around 150k shares on-market at roughly €2.24 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Grant's only on-market trade for the last 12 months. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Rob Hamilton was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Oct 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. Independent Director Guorong Qian was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.