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>Sanford (SAN) has announced a solid result for FY22</li><li>SAN has provided updates on its key strategic initiatives, but no FY23 guidance was included in this result</li><li>The outlook includes key positives from strong price and demand, as well as the commissioning of the Bioactives plant and a net benefit from a weaker NZD</li></ul>

Sanford (SAN) has announced a solid result for FY22SAN has provided updates on its key strategic initiatives, but no FY23 guidance was included in this resultThe outlook includes key positives from strong price and demand, as well as the commissioning of the Bioactives plant and a net benefit from a weaker NZD

Sanford (SAN): FY22 Result – Initial Impressions

Sanford Limited

Sanford (SAN): FY22 Result – Initial Impressions