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>Additional tariffs of 10% will apply from this week on all Chinese imports into the US. </li><li>Skellerup (SKL) imports Chinese-manufactured footwear and vacuum pump components into the US.</li><li>These products are already subject to tariffs, and we estimate these additional tariffs will lift costs by c.NZ$1.2m (&lt;2% of FY26 earnings after tax), all else equal. </li></ul>

Additional tariffs of 10% will apply from this week on all Chinese imports into the US. Skellerup (SKL) imports Chinese-manufactured footwear and vacuum pump components into the US.These products are already subject to tariffs, and we estimate these additional tariffs will lift costs by c.NZ$1.2m (&lt;2% of FY26 earnings after tax), all else equal. 

Skellerup Holdings - Tariffs Won't Trump Growth