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The Australasian operator’s New Zealand skydiving business was among its worst performers, according to the company’s half-year report.
Experience Co’s NZ business delivered solid growth in a mixed period for the acquisitive Australasian operator.
Experience Co has downgraded its earnings forecast following a wet start to the year that hampered activity at its NZ and Australian operations.
Revenue from its NZ skydiving operations was A$12.9m, up 7.5% compared to the same period a year earlier.
One of Australasia’s most acquisitive operators has made yet another big bet splashing $61.5m for two operators as part of its ambition to become “the world’s largest adventure tourism company”.