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    BNZL   GB00B0744B38

BUNZL PLC

(BNZL)
  Report
Delayed Quote. Delayed London Stock Exchange - 06/11 11:35:16 am
2308 GBX   +2.21%
06/07BUNZL  : Bank of America Downgrades Bunzl To Neutral From Buy, Cuts PT
MT
05/26BUNZL PLC  : Nomination
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05/20BUNZL PLC : Ex-dividend day for final dividend
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Bunzl : pencils deals, resumes dividend after first-half profit jumps 16.6%

08/24/2020 | 02:50am EDT

Bunzl Plc resumed dividends and reported first-half profit and revenue that surpassed analysts' expectations on Monday, bolstered by robust demand for the protective masks and gloves it has supplied in the coronavirus crisis.

Known for making small acquisitions aimed at growing specific parts of its business over the years, Bunzl also announced that it had entered into deals to buy MCR Safety, a U.S.-based personal protection equipment business, and Abco Kovex, a packaging distributor in Ireland.

The company, which supplies products ranging from disposable tableware to latex gloves and cleaning chemicals to private and government sectors, said adjusted pretax profit rose 16.6% to 306.8 million pounds ($402 million). Revenue grew 6.7% at 4.85 billion pounds.

Analysts had expected revenue of about 4.80 billion pounds and adjusted pretax profit of 296 million pounds, according to a company-compiled consensus.

At the height of coronavirus-led lockdowns in April, the company benefited from rising demand from grocery, healthcare as well as cleaning & hygiene sectors. However, the food service and retail sectors, which account for around 35% of its business, had been severely hit since March.

"Looking forward, although there remains considerable uncertainty, we expect to face challenging trading conditions during the second half of the year," said Chief Executive Officer Frank van Zanten.

"However the fundamental aspects of our business model remain attractive."

Bunzl reinstated its 2019 dividend of 35.8 pence per share as an additional interim dividend for 2019. It declared an interim dividend for 2020 of 15.8 pence per share.

It had scrapped its final dividend proposal in April.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Saumyadeb Chakrabarty and Amy Caren Daniel)


© Reuters 2020
All news about BUNZL PLC
06/07BUNZL  : Bank of America Downgrades Bunzl To Neutral From Buy, Cuts PT
MT
05/26BUNZL PLC  : Nomination
CO
05/20BUNZL PLC : Ex-dividend day for final dividend
FA
05/18BUNZL  : To Purchase New Zealand's Obex Medical
MT
05/18BUNZL  : agrees to acquire healthcare business in New Zealand
PU
05/18BUNZL PLC  : Acquisition
CO
05/06BUNZL  : Goldman Sachs Cuts Bunzl PT, Keeps Neutral Rating
MT
04/30BUNZL PLC  : Monthly statement on outstanding equity shares and voting rights
CO
04/27BUNZL  : Morgan Stanley Lowers Bunzl To Underweight From Equalweight, Trims PT
MT
04/21BUNZL  : Records Over 5% Revenue Growth in Q1
MT
More news
Financials
Sales 2021 9 585 M 13 520 M 13 520 M
Net income 2021 371 M 524 M 524 M
Net Debt 2021 1 391 M 1 961 M 1 961 M
P/E ratio 2021 20,2x
Yield 2021 2,37%
Capitalization 7 714 M 10 881 M 10 881 M
EV / Sales 2021 0,95x
EV / Sales 2022 0,90x
Nbr of Employees 19 853
Free-Float 98,8%
Chart BUNZL PLC
Duration : Period :
Bunzl plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BUNZL PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 2 587,50 GBX
Last Close Price 2 308,00 GBX
Spread / Highest target 30,0%
Spread / Average Target 12,1%
Spread / Lowest Target -13,3%
EPS Revisions
Managers and Directors
NameTitle
Frank Andre van Zanten Chief Executive Officer & Director
Richard David Howes Chief Financial Officer & Director
Peter J. Ventress Chairman
Vanda Murray Senior Independent Non-Executive Director
Lloyd Mark Pitchford Independent Non-Executive Director
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