The slashed earnings forecast for Tourism Holdings is largely due to sinking vehicle sales.

The dual-listed camper van and tourism company now expects net profit for the year to be around $53 million, instead of $75 million.

Stock value dropped 32% following the news.

Chief Executive Grant Webster told Mike Hosking that when it comes to tourism, the peak season is still looking positive.

But he says the current winter season has been down more domestically than expected.

LISTEN ABOVE

The slashed earnings forecast for Tourism Holdings is largely due to sinking vehicle sales. 
The dual-listed camper van and tourism company now expects net profit for the year to be around $53 million, instead of $75 million. 
Stock value dropped 32% following the news. 
Chief Executive Grant Webster told Mike Hosking that when it comes to tourism, the peak season is still looking positive. 
But he says the current winter season has been down more domestically than expected. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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