Apollo Tourism looks beyond $115 million crash
Simon EvansSenior reporter
Key Points
- Apollo Tourism & Leisure shares have tumbled from $1.01 to below 40c in less than three months.
- CEO Luke Trouchet says the business has a long-term strategy.
- A strategic review of the sales side of the business will be finished by late August.
A $115 million wipeout in sharemarket value in three months at campervan and Winnebago rentals and sales group Apollo Tourism & Leisure has left chief executive Luke Trouchet slightly bruised but ''philosophical''.
He says Apollo, which runs a fleet of 5000 rental vehicles across Australia, North America, New Zealand and Europe and also sells about 3500 a year, aims to build long-term value.
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