In this article, we discuss the 5 most valuable New Zealand companies in the world. If you want to read our detailed analysis of these companies, go directly to 15 Most Valuable New Zealand Companies in the World.
5. Auckland International Airport Limited (NZFX:AIA.NZ)
Auckland Airport is located near the residential suburb, Mangere. It is New Zealand’s busiest as well as the largest airport that offers flights to twenty-one million passengers each year. It conducts flights domestically as well as internationally and handles 71% of international passengers arriving in New Zealand. Due to its enormous size, it has the capacity to hold the Airbus A380 aircraft and the Boeing 747 aircraft. However, the company has suffered losses because of the COVID-19 pandemic, reporting its first-ever underlying loss of $41.8 million ever since 1998. In order to deal with the volatile nature of the situation, it has been making changes to its future plans with the revision of its expansion scheme and is adopting increasingly conservative assumptions towards planning, as it is expected that it will take until 2023 for global travel to make a full recovery and surpass pre-pandemic levels according to the International Air Transport Association.
4. Meridian Energy Limited (NZFX:MEL.NZ)
Meridian Energy is a state-owned electricity retailer and generator company based in New Zealand. It is the manufacturer of New Zealand’s largest portion of electricity, generating 30% of the total electricity supply of the country. It generates renewable electricity through hydro-power plants, solar power plants as well as wind power plants, which is supplied to rural and urban residences and businesses all across the country.
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3. Fisher & Paykel Healthcare Corporation Limited (NZFX:FPH.NZ)
New Zealand-based company Fisher & Paykel is a leading manufacturer, marketer, and designer of acute care and respiratory care systems as well as products for the treatment of obstructive sleep apnea. It sells its products in over 120 countries all around the world. The corporation earns the majority of its revenue from exports to other countries. Only 1% of its total revenue is generated from New Zealand. Due to increasing respiratory health problems because of COVID-19, Fisher & Paykel has seen a dramatic uptick in demand for their medical equipment. There has been such a significant increase in their revenue that the company announced a bonus of US$29 million for their staff in 2021. Their record-breaking US$524M year-round profit was an 82% increase from the previous year’s sales. Needless to say, the current COVID-19 situation has been highly beneficial for the company.
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2. Australia and New Zealand Banking Group Limited (NZFX:ANZ.NZ)
The Australian and New Zealand banking group is considered one of the largest banking groups in New Zealand. The company provides its services to 8.5 million customers and has operations spread across 33 markets. Despite financial challenges during the pandemic, the group declared a final dividend of 35 cents on top of an interim dividend of 25 cents. Australia and New Zealand Banking Group Limited have also shown an increasing commitment to supporting sustainable growth.
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1. Westpac Banking Corporation (NZFX:WBC.NZ)
Westpac provides an extensive range of financial services, including retail and commercial banking. It opened its doors in New Zealand in 1861 and is now known as the bank of the Government of New Zealand. Westpac has developed a customer base of 1.3 million as of 2021. It provides services to medium as well as small businesses, which range from institutional to corporate organizations. The corporation has also played an essential role in contributing to the sustainable growth of the community. As per the Westpac Group 2020 Sustainability Performance Report, the corporation has lent $10.1 billion to climate change solutions in order to improve the environment.
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