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>Turners Automotive is set to report its fifth consecutive record result, showcasing the benefits of its diversified business model.</li><li>Key focus areas include vehicle-pricing trends, margin recovery in finance, new-site pipeline, retail-optimisation strategy, and the performance of My Auto Shop.</li><li>Management has guided PBT of at least NZ$53m for FY25, with forecasts indicating a 10% growth driven by finance margin recovery and steady insurance growth.</li></ul>

Turners Automotive is set to report its fifth consecutive record result, showcasing the benefits of its diversified business model.Key focus areas include vehicle-pricing trends, margin recovery in finance, new-site pipeline, retail-optimisation strategy, and the performance of My Auto Shop.Management has guided PBT of at least NZ$53m for FY25, with forecasts indicating a 10% growth driven by finance margin recovery and steady insurance growth.

Turners Automotive Group Ltd - FY25 Preview—Steady as She Goes