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>Scott Technology (SCT) has announced new Materials Handling & Logistics (MHL) contracts of ~NZ$12m across Europe and North America.</li><li>The announcement provides further evidence of SCT's expansion beyond its traditional MHL customer base (largely the global potato industry) into adjacent meat, dairy, snacks and bakery segments.</li><li>The announcement follows good momentum within MHL reported at SCT's 1H26 result, where segment revenue grew +21% year on year to NZ$64.5m, and gross margin improved +4ppt to 26%.</li></ul>

Scott Technology (SCT) has announced new Materials Handling & Logistics (MHL) contracts of ~NZ$12m across Europe and North America.The announcement provides further evidence of SCT's expansion beyond its traditional MHL customer base (largely the global potato industry) into adjacent meat, dairy, snacks and bakery segments.The announcement follows good momentum within MHL reported at SCT's 1H26 result, where segment revenue grew +21% year on year to NZ$64.5m, and gross margin improved +4ppt to 26%.

Scott Technology (SCT)—MHL Contract Announcements