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>Scott Technology (SCT) released a robust FY23 result that underscored the company's strategic focus to productise automated solutions across its core industries of: 1) protein processing, 2) materials handling and logistics, and 3) minerals sample preparation. Operating revenue rose +21% to NZ$268m, propelled by an improved performance from the materials handling segment and continued strength in the Protein (Meat) segment. </li><li>SCT's three core segments collectively grew revenue by +27% and now represent 79% of group revenue.</li><li>Buoyed by growth in the higher-margin service offering and improved profitability in the 'Rest of Business', SCT's EBITDA margin expanded by +60bp to 11.4%. </li></ul>

Scott Technology (SCT) released a robust FY23 result that underscored the company's strategic focus to productise automated solutions across its core industries of: 1) protein processing, 2) materials handling and logistics, and 3) minerals sample preparation. Operating revenue rose +21% to NZ$268m, propelled by an improved performance from the materials handling segment and continued strength in the Protein (Meat) segment. SCT's three core segments collectively grew revenue by +27% and now represent 79% of group revenue.Buoyed by growth in the higher-margin service offering and improved profitability in the 'Rest of Business', SCT's EBITDA margin expanded by +60bp to 11.4%. 

Scott Technology - FY23 Result — Core Growth