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

BUNZL PLC

(BNZL)
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Real-time Estimate Quote. Real-time Estimate CHI-X - 01/18 06:47:53 am
2443 GBX   +0.21%
01/06BUNZL : Credit Suisse Downgrades Bunzl To Underperform From Neutral, Cuts PT
MT
2020BUNZL : Board change
PU
2020BUNZL : RBC Lowers Bunzl PT, Maintains Underperform Rating
MT
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Bunzl sees 6% revenue jump as customers stockpile amid pandemic

06/15/2020 | 02:11am EST

British business supplies distributor Bunzl on Monday forecast a 6% rise in revenue for the first half of the year as customers stockpiled its face masks, gloves and sanitisers during the coronavirus crisis.

Shares in the FTSE 100 firm, which have jumped sharply since hitting their seven-year lows in March, gained 6% in early trade as it also estimated a modest increase in its operating margin.

The company said demand for the products it makes for the grocery, safety and healthcare sectors jumped in the first few months of the COVID-19 pandemic.

Bunzl, however, said it does not expect the significant increase in volume for COVID-19-related products to continue into the second half as customers have stockpiled enough products for the rest of the year.

The company added that it intends to repay employee-related government support packages and bring forward its tax deferral payments as a result of the better-than-expected trading performance.

Investment firm Exane BNP Paribas estimates the furlough package to total about 5 million pounds to 10 million pounds.

Bunzl has not disclosed the number of employees it has furloughed and declined to comment on the details.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Aditya Soni)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BNP PARIBAS -0.44% 44.28 Real-time Quote.3.09%
BUNZL PLC 0.41% 2443 Delayed Quote.-0.20%
MSCI UNITED KINGDOM (STRD, UHD) -1.67% 1069.544 Real-time Quote.3.74%
All news about BUNZL PLC
01/06BUNZL : Credit Suisse Downgrades Bunzl To Underperform From Neutral, Cuts PT
MT
2020BUNZL : Board change
PU
2020BUNZL : RBC Lowers Bunzl PT, Maintains Underperform Rating
MT
2020BUNZL : Flags 8% Rise in FY20 Revenue on Strong Trading Performance Amid COVID-1..
MT
2020BUNZL : pre-close statement and acquisition in Canada
PU
2020JPMorgan Downgrades Bunzl to Neutral From Overweight, Maintains PT
MT
2020BUNZL PLC : Ex-dividend day for interim dividend
FA
2020BUNZL : Agrees to acquire brazil based safety business and completes safety acqu..
AQ
2020Bunzl To Acquire Personal Protection Equipment Distributor In Brazil, Complet..
MT
2020London stocks slump on further coronavirus lockdowns, Brexit uncertainty
RE
More news
Financials
Sales 2020 10 002 M 13 547 M 13 547 M
Net income 2020 411 M 557 M 557 M
Net Debt 2020 1 654 M 2 240 M 2 240 M
P/E ratio 2020 19,0x
Yield 2020 2,47%
Capitalization 8 134 M 11 056 M 11 016 M
EV / Sales 2020 0,98x
EV / Sales 2021 0,97x
Nbr of Employees 19 000
Free-Float 98,7%
Chart BUNZL PLC
Duration : Period :
Bunzl plc Technical Analysis Chart | MarketScreener
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Technical analysis trends BUNZL PLC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 2 680,32 GBX
Last Close Price 2 438,00 GBX
Spread / Highest target 27,2%
Spread / Average Target 9,94%
Spread / Lowest Target -13,9%
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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