Freightways - FY24 — Cycle Path No Longer Diverting Margin Recovery Route
Freightways (FRW) reported a subdued, but commendable, FY24 result, given cyclical demand pressures and continued elevated cost inflation.
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Freightways - FY24 Preview — Pick-Up Delayed
We expect Freightways (FRW) to report a subdued FY24 result on 19 August 2024, primarily due to the depressed economic environment in New Zealand.
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Freightways - Treading Water
The outlook for Freightways (FRW) is positive, yet given persisting cyclical headwinds we lower our FY25 earnings growth expectations.
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Freightways - 1H24 — Earnings Momentum Inflection
The operating environment is challenging but no worse than it was in October 2023, when the company provided flat to declining FY24 EBITA guidance.
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Freightways - 1H24 Preview — Waiting for More Parcels
With the first time inclusion of Allied Express in 1Q24, we expect low EBITA growth in 1H24 (~+2% to NZ$82m), and a small decline in 2H24 (despite...
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