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) reported a solid FY23 result but, as is usual for this increasingly diversified business, the devil is in the detail.</li><li>A strong first time contribution from Allied Express helped mask underlying weakness in its New Zealand parcel operations and Big Chill. </li><li>Same customer volumes are falling materially, particularly in the retail sector customer vertical. </li></ul>

Freightways (FRW) reported a solid FY23 result but, as is usual for this increasingly diversified business, the devil is in the detail.A strong first time contribution from Allied Express helped mask underlying weakness in its New Zealand parcel operations and Big Chill. Same customer volumes are falling materially, particularly in the retail sector customer vertical. 

Freightways - FY23 — Express Start from Allied

Freightways Ltd

Freightways - FY23 — Express Start from Allied