NZX-listed robotic production line and process developer Scott Technology says the new US tariff regime announced this week is expected to have a limited impact on its business in its current year, to the end of August.
Scott estimated less than 10% of its current revenue mix would be exposed to the tariffs.
“From a total revenue perspective, North America is significant but much of this revenue is from Canadian customers,” Scott told investors.
Additionally, some of the company’s revenue was insulated from tariffs due to Scott’s United States manufacturing base.
“The more significant and broader impact will be the uncertainty this creates in the global economy and businesses willingness to invest in capital equipment,” Scott said.
“While certain segments may experience headwinds, there is also potential opportunities, particularly where our European and Asian competitors face higher tariff rates than those applicable to our exports from New Zealand or Australia to the USA.”
The global shift towards nearshoring and regionalised supply chains was also one of Scott’s strengths.
“We are well-positioned to help customers build resilient, secure, and efficient supply chains through automation,” the company said.
Scott was one of a number of listed companies to make statements today about the potential impact the 10% US tariff on imports from NZ announced this week.
Component manufacturer Rakon, which generates 15% to 20% of its revenue from direct US sales, said it was working to fully understand how the new US tariffs would be implemented and the implications for its business.
Of its products directly shipped to customers in the US, Rakon currently manufactures approximately 85% in New Zealand, 12% in France, and 3% in India.
The newly announced US tariffs for products originating from each of these locations is 10% (New Zealand), 20% (France/EU) and 26% (India).
“Rakon is seeking further clarity on both implementation and possible exemptions for the new tariffs, as well as monitoring the impact on customers, vendors and competitors,” it told shareholders.
Rakon also noted disruption of this scale also brought potential opportunities.
“As a nimble Kiwi innovator with a global operational footprint and leading technology, Rakon is well-positioned to optimise its manufacturing and adapt to the changing conditions.”
Fisher & Paykel Healthcare addressed the 25% tariff imposed on products imported to the US from Mexico, where it has manufacturing facilities.
Fisher & Paykel Healthcare manufactures approximately 45% of its volume in Mexico and approximately 55% in New Zealand, and for the first half of the 2025 financial year approximately 43% of the company’s revenue came from the US.
However, almost all of these products were compliant with the US, Mexico and Canada trade agreement.
Approximately 60% of the company’s US volumes were supplied from Mexico and approximately 40% from New Zealand.
The company did not anticipate a material impact from the US tariffs on its net profit for the 2025 financial year, which ended 31 March. However, for the 2026 financial year, the company said its costs would likely increase due to the tariffs.
Fishing giant Sanford said it generated around $117 million of revenue out of total revenue of $583 million, or around 20%, from sales into the US market in 2024.
“We have discussed the possible impact from tariffs with our key US customers,” managing director David Mair said.
“As always, the impact depends on who pays. At this time, we do not expect these tariffs to have a material effect on the performance of Sanford in FY25.”
Tourism Holding reported there was uncertainty regarding the extent to which various tariffs imposed by the United States may impact the North American recreational vehicle industry, including any potential retaliatory tariffs imposed by Canada that could impact vehicles imported from manufacturers in the United States.
THL said it was closely monitoring the situation and would provide a further update on the implications for its business once there was more clarity.
However, a decline in consumer sentiment for inbound travel to the United States in recent weeks had already resulted in a slowdown in international booking intakes for the upcoming peak season. It was too early to determine if the current slowdown would have a lasting impact on the United States high season.
Rubber manufacturing specialist Skellerup said it generated 35% of revenue from sales in the US market. Around 85% of this came from products manufactured at the company’s own and partner facilities in New Zealand, China and Vietnam.
CEO Graham Leaming said due to actions already taken to increase inventory held in-market, along with pricing and cost initiatives he did not expect the new tariffs to have a material impact on the company’s 2025 results.
While, the new tariffs would increase costs in future financial years, Skellerup expected to offset a significant proportion of these costs through a combination of continuous improvement, pricing and cost initiatives and expanding in-market manufacturing.
Winemaker Delegat Group acknowledged that New Zealand wine exports would be subject to a 10% tariff, along with other New Zealand exports. However, the major wine producing countries in the European Union would be subject to higher tariffs than New Zealand.
Revenue from exports to the USA from Delegat Group account for 52% per cent of total revenue.
