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APRIL 2020


Longer Easter shutdowns planned as RV demands fall

Fleetwood battles uncertainty and challenging times as virus crisis hits

Brad Denison

By Dennis Amor
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PERTH-based Fleetwood says some operations in its RV Solutions sector are planning "longer than usual Easter period shutdowns" as consumer demand falls for RVs and associated parts and services.

The former builder of Coromal and Windsor caravans who offloaded the brands to Apollo Leisure and Tourism in 2018 for a mere $1 million ‒ revealed the news in a message to shareholders.

"Due to the current exceptional circumstances and growing uncertainty surrounding the potential duration and impact of COVID-19, Fleetwood Corporation Limited is withdrawing FY20 earnings guidance," it said.

"Proactive measures" were being taken to protect its people and sustain services to customers.

"Management are also focused on the preservation of cash to ensure the business is in the best position possible," it said.

Several initiatives had been taken to lower capital and operating expenditure in the short term.

Managing director and chief executive Brad Denison added: "Our priority at Fleetwood is the safety of our people, business continuity and ensuring we remain well positioned for when conditions stabilise.

"We will continue to support our customers and the communities in which we operate during this challenging time."


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Copyright 2005 Dennis Amor
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