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Leisure vehicle manufacturer, Thor, sees sales grow but profits dip

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The world’s largest leisure vehicle manufacturer, Thor, which owns the Erwin Hymer Group in Europe, has just revealed its figures for the second quarter of its financial year

The huge US-based company, which has 20 different leisure vehicle brands in Europe including Elddis, Hymer, Laika, Dethleffs, Bürstner, Buccaneer and Carado, saw sales in Europe grow almost 5% but net sales actually fell during the quarter because of unfavourable exchange rates.

Its profits in Europe fell from 12.9% in the same period last financial year to 12.5% this quarter.

Thor says this is primarily due to additional labour and overhead costs it had incurred to support planned production levels, which were negatively impacted by the well-reported chassis shortages that are hitting the entire industry.

Its European arm has also seen the backlog of orders grow 15% this quarter to $3.05 billion (£2.65bn).


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