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>Freightways (FRW) reported a softer than expected first quarter trading update at its Annual Shareholder Meeting.</li><li>Management doesn't provide guidance, but its commentary suggests FY24 EBITA will be broadly flat on FY23.</li><li>We cut our earnings forecasts accordingly, implying another year of profit decline across the Group — excluding the first time benefit of Allied Express. </li></ul>

Freightways (FRW) reported a softer than expected first quarter trading update at its Annual Shareholder Meeting.Management doesn't provide guidance, but its commentary suggests FY24 EBITA will be broadly flat on FY23.We cut our earnings forecasts accordingly, implying another year of profit decline across the Group — excluding the first time benefit of Allied Express. 

Freightways NZ - Package Holiday Continues

Freightways Ltd

Freightways NZ - Package Holiday Continues