thl today released its half-year results to 31 December 2018, with a strong increase in the core business profitability despite a challenging vehicle sales market in the USA. EBIT in the core business, of $34.7M, was up 4% on the pcp, which included the benefit of the 2018 Lions tour. 
The investment in the global TH2 digital joint venture with Thor Industries, which is based in North America, incurred losses in line with expectations.
Chairman, Mr Rob Campbell, said, “This business is not only growing, but is changing in its scope and structure. We are taking the build/buy– rent – sell model in our RV business to wider geographies. At the same time, we are extending the scope of what we offer the global market. There are positive early signs in our significant TH2 investment with Thor Industries. TH2 has the potential to be a strong digital infrastructure provider, not only to thl and Thor, but to the wider industry.”
A dividend of 13cps is declared, in line with the prior corresponding period, and reflecting the strong underlying performance of the core business.
CEO, Mr Grant Webster, said, “We have continued to see returns and profit improve in the core business and we see ongoing opportunities for improvements in our operating model.”
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