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THL in $200m wipeout as grey nomads stop buying campervans

Simon Evans

The market capitalisation of THL has been fallen by more than a third, or $200 million, after the campervan sales and rental group warned it would miss profit forecasts.

THL, which has a fleet of 7200 rental campervans under brands including Britz, Maui and Apollo, and also a substantial business selling the vehicles, warned that profit for the year would be up to 31 per cent lower than a forecast issued in February.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/transport/thl-in-200m-wipeout-as-grey-nomads-stop-buying-campervans-20240506-p5fp4f