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>Skellerup (SKL) reported a solid FY23 result in a difficult operating environment.</li><li>Operating earnings were slightly below our expectation but this was more than offset by lower tax.</li><li>Whilst cyclical headwinds and global destocking are clearly having an impact, SKL is navigating this environment well, with price, cost control, and manufacturing efficiencies offsetting lower volumes. </li></ul>

Skellerup (SKL) reported a solid FY23 result in a difficult operating environment.Operating earnings were slightly below our expectation but this was more than offset by lower tax.Whilst cyclical headwinds and global destocking are clearly having an impact, SKL is navigating this environment well, with price, cost control, and manufacturing efficiencies offsetting lower volumes. 

Skellerup Holdings - FY23 Result — Performing Under Pressure