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>We expect KMD Brands (KMD) to report a rebound in revenue and profitability in its 1H23 result, due on 22 March 2023.</li><li>KMD has guided 1H23 total revenue of ~NZ$546m and underlying EBITDA (pre-IFRS 16) of ~NZ$45m.</li><li>With the interim result effectively pre-released, the key focus areas are (1) signs of consumer demand weakness in key channels, (2) inventory levels and debt position, (3) cost controls, and (4) progress on the global Kathmandu expansion. </li></ul>

We expect KMD Brands (KMD) to report a rebound in revenue and profitability in its 1H23 result, due on 22 March 2023.KMD has guided 1H23 total revenue of ~NZ$546m and underlying EBITDA (pre-IFRS 16) of ~NZ$45m.With the interim result effectively pre-released, the key focus areas are (1) signs of consumer demand weakness in key channels, (2) inventory levels and debt position, (3) cost controls, and (4) progress on the global Kathmandu expansion. 

KMD Brands: 1H23 Preview — Scanning Ahead

Kathmandu Holdings

KMD Brands: 1H23 Preview — Scanning Ahead