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

BUNZL PLC

(BNZL)
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Bunzl : sees higher profit margin, revenue growth; shares hit record high

10/14/2020 | 03:23am EST

(Reuters) - Bunzl Plc said on Wednesday it expects a slightly higher operating profit margin and stronger revenue growth in the second half, boosted by robust demand for the protective masks and gloves it has supplied in the COVID-19 crisis.

Shares of the company, which distributes products ranging from disposable tableware to latex gloves and cleaning chemicals to private and government sectors, rose about 6% to a record high of 2,710 pence to be perched at the top of the FTSE 100 index.

Bunzl said group revenue for the third quarter was up 4% at actual exchange rates and 8.8% at constant exchange rates.

"The 2020 performance year to date has been driven by strong sales of COVID-19 related products, from a combination of smaller orders and the more exceptional larger orders," the company said in a trading statement.

Bunzl resumed dividends in August as it reported first-half profit and revenue that surpassed analysts' expectations.

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Aditya Soni)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BUNZL PLC 0.13% 2367 Delayed Quote.14.29%
MSCI UNITED KINGDOM (STRD, UHD) 1.04% 1009.276 Real-time Quote.-17.73%
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More news
Financials
Sales 2020 9 882 M 13 211 M 13 211 M
Net income 2020 387 M 518 M 518 M
Net Debt 2020 1 611 M 2 153 M 2 153 M
P/E ratio 2020 19,5x
Yield 2020 2,55%
Capitalization 7 897 M 10 536 M 10 557 M
EV / Sales 2020 0,96x
EV / Sales 2021 0,94x
Nbr of Employees 19 000
Free-Float 98,7%
Chart BUNZL PLC
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Bunzl plc Technical Analysis Chart | BNZL | GB00B0744B38 | MarketScreener
Technical analysis trends BUNZL PLC
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 2 617,33 GBX
Last Close Price 23,67 GBX
Spread / Highest target 12 997%
Spread / Average Target 10 958%
Spread / Lowest Target 8 079%
EPS Revisions
Managers
NameTitle
Frank Andre van Zanten Chief Executive Officer & Director
Peter J. Ventress Chairman
Richard Howes Chief Financial Officer & Director
Vanda Murray Senior Independent Non-Executive Director
Lloyd Mark Pitchford Independent Non-Executive Director
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