Freightways shares fall despite strong financial results
Freightways reported robust 2026 results but investors pushed the share price down amid economic concerns.
The freight and logistics company posted revenue growth of 13.5% to $1.46 billion and ebita growth of 14.6% to $181.6 million for the year to June 30. The ebita margin remained effectively unchanged at 12.4%. Despite the strong performance, shareholders drove the share price down sharply, with nervousness about the economic recovery appearing to weigh on investor sentiment.
Covered byBusinessDeskNot covered byRNZStuffNZ Herald1NewsNewstalk ZBOtago Daily TimesNewsroomThe Spinoffinterest.co.nz
Coverage across the news outlets we track, as at publication.
What outlets are saying
BusinessDesk
Freightways shares drop after ‘robust’ result but nervousness for 2027
Nervousness about the economic recovery appears to have unsettled Freightways shareholders, who pushed the company’s share price down sharply despite a “robust” 2026 result. The freight, package, and logistics company reported its results for the year to June 30 on…