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

Hallenstein Glassons Holdings / Equity Bottom-Up

<ul><li>Hallenstein Glassons (HLG) reported a strong FY24 result, which was in line with our expectations. </li><li>Glassons Australia continues to grow as the group's largest profit centre, with sales and NPAT growing mid-double digits versus FY23.</li><li>In contrast, the NZ operating backdrop remains challenging, with Glassons NZ NPAT flat and Hallenstein Brothers NPAT only growing slightly in dollar terms. </li></ul>

Hallenstein Glassons (HLG) reported a strong FY24 result, which was in line with our expectations. Glassons Australia continues to grow as the group's largest profit centre, with sales and NPAT growing mid-double digits versus FY23.In contrast, the NZ operating backdrop remains challenging, with Glassons NZ NPAT flat and Hallenstein Brothers NPAT only growing slightly in dollar terms. 

Hallenstein Glasson - FY24 Result — On Trend