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>At its annual shareholders meeting Skellerup (SKL) (1) highlighted a strong start to the year and (2) provided first time full year NPAT guidance of NZ$52-57m which was in line with our expectations.</li><li>Agri demand is more normal following European destocking in 1H24. Outside of Australia construction, Industrial demand remains robust.</li><li>SKL will hold more inventory and will manufacture more in market to mitigate supply chain disruptions and increased trade tariffs particularly in North America. </li></ul>

At its annual shareholders meeting Skellerup (SKL) (1) highlighted a strong start to the year and (2) provided first time full year NPAT guidance of NZ$52-57m which was in line with our expectations.Agri demand is more normal following European destocking in 1H24. Outside of Australia construction, Industrial demand remains robust.SKL will hold more inventory and will manufacture more in market to mitigate supply chain disruptions and increased trade tariffs particularly in North America. 

Skellerup Holdings - Growth Over Choppy Waters