Thor Industries is hosting its 2019 Investor Day today at the Erwin Hymer Museum in Bad Waldsee, Germany, where the company’s management team will unveil their long-term strategic goals to analysts and investors.
The event will feature presentations by Bob Martin, Thor president and CEO; Colleen Zuhl, Thor senior VP and CFO; and Martin Brandt, CEO of Erwin Hymer Group (EHG), and provide an in-depth overview of Thor’s global operations, including EHG, while setting out long-term goals for net sales, gross margin, and net cash from operations.
“We are excited to showcase our new international operations, and to introduce investors to the products and operations of EHG at our 2019 Investor Day,” said Martin. “Our management team is focused on the long-term goals of our business. We make our strategic and operating decisions based not just on the next year but the next five years or more. With this perspective, we are pleased to share our long-term performance goals with the investor community.”
Thor’s long-term strategic plan seeks to expand the company’s international leadership position within the recreational and outdoor space while achieving measurable performance goals. Thor’s management team outlined three specific strategic goals to be achieved by the end of fiscal 2025:
- Achieve $14 billion in annual net sales.
- Attain sustainable gross margins of 16 percent.
- Generate more than $3 billion in cumulative net cash from operations.
“These long-term goals reflect management's key priorities, and our confidence in both our EHG acquisition and our strategic plan,” said Martin.
Due to limited capacity, attendance was by invitation only, but a copy of the presentation slides shown at the event has been posted on the company’s investor relations website. The event will not be webcast, but a video of the opening remarks and a transcript of the Q&A session will be available for download on the company’s website by the end of the day on Tuesday, Oct. 15.