New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Delegat Group (DGL) reported a robust 1H23 result with double digit revenue growth due to a combination of (1) volume growth, (2) price increases, (3) favourable currency movements, and (4) country/product mix</li><li>DGL has a strong brand portfolio, and there is scope for market share capture in the North American segment which continues to show strong momentum</li><li>DGL has reduced its FY23 operating profit guidance range to NZ$59m–NZ$62m (previously NZ$60m–NZ$64m), driven primarily by moderating of currency tailwinds and continued cost pressure in the second half.</li></ul>

Delegat Group (DGL) reported a robust 1H23 result with double digit revenue growth due to a combination of (1) volume growth, (2) price increases, (3) favourable currency movements, and (4) country/product mixDGL has a strong brand portfolio, and there is scope for market share capture in the North American segment which continues to show strong momentumDGL has reduced its FY23 operating profit guidance range to NZ$59m–NZ$62m (previously NZ$60m–NZ$64m), driven primarily by moderating of currency tailwinds and continued cost pressure in the second half.

Delegat Group: 1H23 Result — Tasting Notes