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>Sanford's (SAN) 1H24 result is a significant step in its turnaround. Group adjusted EBIT of NZ$38m was the highest first half since at least 1H14.</li><li>SAN delivered solid performance across its divisions, with each improving margins driven by robust price growth, highlighting demand remains solid.</li><li>The key negatives were: (1) ongoing head office cost increases, and (2) continued wildcatch inventory build. </li></ul>

Sanford's (SAN) 1H24 result is a significant step in its turnaround. Group adjusted EBIT of NZ$38m was the highest first half since at least 1H14.SAN delivered solid performance across its divisions, with each improving margins driven by robust price growth, highlighting demand remains solid.The key negatives were: (1) ongoing head office cost increases, and (2) continued wildcatch inventory build. 

Sanford - 1H24 Result — Catching a Break

Sanford Limited

Sanford - 1H24 Result — Catching a Break