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October 2018


Apollo's Brisbane factory

Apollo's Brisbane factory

Outlook is positive, shareholders told

Busy year ahead will bring 'solid growth' in Apollo's profit

By Dennis Amor
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MAJOR RV player Apollo Tourism and Leisure has told shareholders it is pleased with its performance during the last financial year.

It makes the comment in its annual report to investors, which came as the Brisbane-based global company's shares took a pounding on the stock market to reach their lowest level for a year.

Since its humble beginnings in 1985 renting out just one pop-top caravan from a shed in the city's north, Apollo has grown into a multi-national company focused on manufacturing, renting, selling and distributing a range of RVs including motorhomes, campervans and caravans.

It operates in Australia, New Zealand, Canada, the USA, Britain and Ireland. And there are plans to hit new countries this year.

The report said Apollo's revenue for the year ending June 30 was $355 million, representing a 122 percent rise on the previous year and returning an after-tax net profit of $19 million.

Shareholders were assured the outlook was positive, with increased rental bookings for the year ending June 2019.

Current year includes plans for three new retail sales outlets

Apollo said growth initiatives planned for the current financial year included new retail sales locations in Adelaide, Geelong and Newcastle.

Its newly acquired Coromal and Windsor brands from Fleetwood would begin production at its factory in Brisbane while new "flagship" rental and retail premises would be established in Auckland, New Zealand.

Apollo also planned to open two new American rental branches in time for the 2019 summer peak season, with another in Hamburg, Germany, for the onset of the European summer peak period.

The report said Apollo's directors expected "solid growth" in net profit for the current year from acquisitions, expansion into new markets and technological initiatives that would bring operational efficiencies.

Apollo predicted that after-tax net profit for the year would be in the range of $22 million to $24 million.

"The operational and financial performance of the business, and its future growth, would not be possible without the contributions of the hundreds of people who work for Apollo around the world," the report said.

"We are grateful to our staff and leadership team for the roles they play in providing Apollo's guests with new self-drive experiences in Australia, New Zealand, North America, the United Kingdom and Ireland.

"They all play an important role in making Apollo the global RV solution."


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the prior written permission of Dennis Amor.

Copyright 2005 Dennis Amor
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