Camps ad




Health of the company 'remains strong'


By Dennis Amor
Have your say

APOLLO Tourism and Leisure has survived a "challenging year" of subdued RV sales, the global company reports.

The Brisbane-based manufacturer of the Windsor and Coromal range of caravans has revealed its financial results for the last financial year ending on June 30, which show an underlying net after-tax profit of $14.7 million.

This was achieved on the back of a record revenue of $365 million over the previous financial year.

Apollo's annual report to shareholders published this week blames soft RV sales globally for its disappointing results but points out its core business of RV rentals showed strong growth, with all regions achieving record rental bookings and revenues. "Apollo is now a truly global business and we will continue to persue opportunities to improve earnings growth and drive shareholder value," it said.

Chief executive Luke Trouchet described the results as "disappointing" but stressed that the health of his company founded in a humble backyard shed in the Queensland capital in 1985 remains strong.

"Subdued retail sales conditions in the second half of the year presented the company with a number of challenges globally, which contributed to the decline in earnings year on year," he said.

Acquiring the Windsor and Coromal caravan brands had been "an important addition" to Apollo's retail offering.

"This action brings consolidation to a fragmented Australian caravan industry and increases the product mix and market reach of the company's retail sales network," Mr Trouchet said.

His company had made a "solid start" to the new financial year, with RV sales and rentals remaining strong.

This was despite "ongoing headwinds" from geopolitical issues such as Brexit, China-USA trade tensions and the uncertainty created by the unrest in Hong Kong.

 No part of this publication may be reproduced or transmitted without
the prior written permission of Dennis Amor.

Copyright 2005 Dennis Amor
All Rights Reserved

Advertising   Kui Parks advert

Caravan Council of Australia advert