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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Bunzl plc    BNZL   GB00B0744B38

BUNZL PLC

(BNZL)
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2407.5 GBX   -1.57%
06:37aBUNZL : Barclays Downgrades Bunzl To Equalweight From Overweight, Cuts PT
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01/06BUNZL : Credit Suisse Downgrades Bunzl To Underperform From Neutral, Cuts PT
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2020BUNZL : Board change
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BUNZL : AGREES TO ACQUIRE BRAZIL BASED SAFETY BUSINESS AND COMPLETES SAFETY ACQUISITION IN DENMARK

11/09/2020 | 09:50am EST

Bunzl plc, the specialist international distribution and services Group, today announces that it has recently entered into an agreement to purchase SP Equipamentos, a leading personal protection equipment distributor based in Sao Paulo, Brazil, with revenue in 2019 of BRL143 million (c.GBP22 million).

SP Equipamentos supplies a broad range of safety products to customers across a number of markets, including the mining, steel, construction and agriculture sectors. Completion of the acquisition is expected to take place at the end of November.

In addition, and further to the announcement issued on 24 February 2020, Bunzl plc also announces that it has now completed the acquisition of ICM, a distributor of personal protection equipment to a variety of customers in Denmark, including a number operating in the wind energy sector. ICM generated revenue in 2019 of DKK410 million (c.GBP49 million).

Commenting on the acquisitions, Frank van Zanten, Chief Executive Officer of Bunzl, said:

'These two acquisitions will further expand and develop our safety businesses in Brazil and Denmark, complementing our product offering and broadening our customer base in both markets. Growth through acquisitions continues to be an important part of the strategy of the Group and I am pleased that year to date our committed acquisition spend totals more than GBP400m. Our acquisition pipeline remains promising with a number of discussions ongoing.'

Contact:

Tel: +44 (0)20 7725 5000

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 10 002 M 13 682 M 13 682 M
Net income 2020 411 M 563 M 563 M
Net Debt 2020 1 743 M 2 384 M 2 384 M
P/E ratio 2020 18,8x
Yield 2020 2,50%
Capitalization 8 033 M 10 976 M 10 990 M
EV / Sales 2020 0,98x
EV / Sales 2021 0,96x
Nbr of Employees 19 000
Free-Float 98,7%
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Technical analysis trends BUNZL PLC
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 2 659,26 GBX
Last Close Price 24,08 GBX
Spread / Highest target 12 774%
Spread / Average Target 10 943%
Spread / Lowest Target 8 621%
EPS Revisions
Managers and Directors
NameTitle
Frank Andre van Zanten Chief Executive Officer & Director
Peter J. Ventress Chairman
Richard David Howes Chief Financial Officer & Director
Vanda Murray Senior Independent Non-Executive Director
Lloyd Mark Pitchford Independent Non-Executive Director
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