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 (FRE) provided a slightly disappointing first quarter trading update at its Annual Shareholders Meeting, highlighting margin pressure in both Express Package and Information Management divisions</li><li>Express Package margins have been impacted by cost pressures, particularly labour and additional property costs from recent footprint expansion</li><li>Information Management margins were soft reflecting softer margins at TIMG Australia and Shred-X</li></ul>

Freightways (FRE) provided a slightly disappointing first quarter trading update at its Annual Shareholders Meeting, highlighting margin pressure in both Express Package and Information Management divisionsExpress Package margins have been impacted by cost pressures, particularly labour and additional property costs from recent footprint expansionInformation Management margins were soft reflecting softer margins at TIMG Australia and Shred-X

Freightways: First Quarter Trading Update (27-Oct-2022)

Freightways Ltd

Freightways: First Quarter Trading Update (27-Oct-2022)