New Zealand's Freightways Group FY26 revenue rises
New Zealand's Freightways Group FY26 revenue rises
Overview
New Zealand express freight provider's FY26 revenue rose despite challenging market conditions
Net income for FY26 increased, supported by margin improvements and cost discipline
Company expanded Australian operations with VTFE acquisition and new Queensland business
Outlook
Freightways expects same-customer volumes to improve in Australia and New Zealand as fuel prices moderate
Company expects capital expenditure to be about 3% of FY27 revenue
Freightways plans to complete new hub facilities in Christchurch and Palmerston North during FY27
Result Drivers
HIGHER FUEL PRICES - Co said sharp increases in fuel prices compressed margins and reduced freight volumes, especially in Q4
PRICING INITIATIVES - Co reduced lag in fuel recovery mechanisms and focused on pricing discipline to offset cost increases
OPERATIONAL EFFICIENCY - Co said automation, cost initiatives and increased network utilisation helped improve margins
Company press release: ID:nNZW9DcsyC
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| NZ$1.46 bln |
|
FY Net Income |
| NZ$94 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the courier, postal, air freight & land-based logistics peer group is "buy"
Wall Street's median 12-month price target for Freightways Group Ltd is NZ$15.58, about 10.9% above its August 14 closing price of NZ$14.05
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)