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>KMD Brands (KMD) reported a sombre 1H24 result, driven by weak sales across all brands which had been signalled at its February trading update.</li><li>Improving Kathmandu's sales performance is the group's key near-term focus ahead of the all important winter sales period. ​​​​</li><li>Wholesale customer destocking continues, and while management signalled this should end in this financial year there was little evidence highlighting any improvement in wholesale channels thus far. </li></ul>

KMD Brands (KMD) reported a sombre 1H24 result, driven by weak sales across all brands which had been signalled at its February trading update.Improving Kathmandu's sales performance is the group's key near-term focus ahead of the all important winter sales period. ​​​​Wholesale customer destocking continues, and while management signalled this should end in this financial year there was little evidence highlighting any improvement in wholesale channels thus far. 

Kathmandu Holdings

KMD Brands - Pulling Its Socks Up