NEWS RELEASES
Thor Reveals Goals At Meeting In Germany
Editor's Note: This news item was retrieved and first published through Thor Industries, Inc's website.
At its 2019 Investor Day held this year at the Erwin Hymer Museum in Bad Waldsee, Germany, Thor’s management team made up of top execs from Thor and Erwin Hymer revealed its long-term strategic plan to expand the company's international leadership position to analysts and investors. “We make our strategic and operating decisions based not just on the next year but the next five years or more,” Thor President and CEO, Bob Martin, said in a news release.
The presentation by Thor examined the challenges facing RV manufacturers in the next few years, including Brexit, tariffs and legislation, and projected healthy growth in the European motorhome market, as opposed to flat increases in North American sales. The company announced three goals it hopes to achieve by 2025: reach $14 billion in net annual sales; attain a sustainable gross margin of 16 percent; and generate more than $3 billion in net cash from operations.
Attendance at the Investors Day was by invitation only, but the presentation slides and other documents are available on the Thor Industries Investor website.