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>Freightways (FRW) will report another subdued period of trading at its 1H24 result on 19 February 2024.</li><li>At its Shareholder Meeting in October 2023, management lowered market expectations to broadly flat EBITA in FY24 relative to FY23.</li><li>With the first time inclusion of Allied Express in 1Q24, we expect low EBITA growth in 1H24 (~+2% to NZ$82m), and a small decline in 2H24 (despite a weaker comparative) against the prior year. </li></ul>

Freightways (FRW) will report another subdued period of trading at its 1H24 result on 19 February 2024.At its Shareholder Meeting in October 2023, management lowered market expectations to broadly flat EBITA in FY24 relative to FY23.With the first time inclusion of Allied Express in 1Q24, we expect low EBITA growth in 1H24 (~+2% to NZ$82m), and a small decline in 2H24 (despite a weaker comparative) against the prior year. 

Freightways - 1H24 Preview — Waiting for More Parcels

Freightways Ltd

Freightways - 1H24 Preview — Waiting for More Parcels