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Pin to quick picksBunzl Share News (BNZL)

Share Price Information for Bunzl (BNZL)

London Stock Exchange
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Share Price: 3,174.00
Bid: 3,178.00
Ask: 3,180.00
Change: 16.00 (0.51%)
Spread: 2.00 (0.063%)
Open: 3,162.00
High: 3,184.00
Low: 3,162.00
Prev. Close: 3,158.00
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Bunzl sees lower operating margins as US ops weigh

Mon, 26th Feb 2024 07:03

(Sharecast News) - Shares in Bunzl slipped on Monday as the distribution specialist said it expected a slight fall in operating margin after posting a 10% rise in annual profits, as revenues were hit by weaker trading at its North American operations.

Pre-tax profit for 2023 came in at £698.6m on revenue of £11.8bn, down 2%. Shareholders will receive 68.3p a share.

The acquisition-hungry group also announced two more purchases - an 80% stake in Bristol-based catering giant Nisbets for £338m and Pamark in Finland for an undisclosed sum.

Bunzl also maintained guidance for 2024.

"Following a slower than expected start to the year in North America, we now expect to deliver slight revenue growth in 2024, at constant exchange rates, driven by acquisitions announced in 2023; with underlying revenue, which is organic revenue adjusted for trading days, declining slightly," said chief executive Frank van Zanten.

"Group operating margin is now expected to be slightly below 2023."

Reporting by Frank Prenesti for Sharecast.com

More News
30 Aug 2022 07:59

LONDON MARKET PRE-OPEN: Bunzl raises full-year margin outlook

(Alliance News) - Stock trading in London is set for a tepid start as UK market participants return from holiday on Tuesday, catching up with Monday's losses in Europe, as investors continue to mull over hawkish remarks from the head of the US central bank.

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30 Aug 2022 07:46

Bunzl lifts operating margin outlook as H1 profits rise

(Sharecast News) - Distribution and services group Bunzl lifted its full-year margin outlook on Tuesday as it posted a jump in first-half profit and revenue, with product cost inflation and volume growth more than offsetting an expected decline in Covid-related sales.

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23 Aug 2022 15:53

UK earnings, trading statements calendar - next 7 days

Wednesday 24 August 
Costain Group PLCHalf Year Results
Lookers PLCHalf Year Results
Thursday 25 August 
Amigo Holdings PLCQ1 Results
Anglo Pacific Group PLCHalf Year Results
Benchmark Holdings PLCQ3 Results
CRH PLCHalf Year Results
Faron Pharmaceuticals LtdHalf Year Results
Grafton Group PLCHalf Year Results
Harbour Energy PLCHalf Year Results
Hays PLCFull Year Results
Hunting PLCHalf Year Results
Macfarlane Group PLCHalf Year Results
Morses Club PLCFull Year Results
South32 LtdFull Year Results
Friday 26 August 
CT Private Equity Trust PLCHalf Year Results
Malin Corp PLCHalf Year Results
Monday 29 August 
no events scheduled 
Tuesday 30 August 
Braemar Shipping Services PLCFull Year Results
Bunzl PLCHalf Year Results
CentralNic Group PLCHalf Year Results
Old Mutual LtdHalf Year Results
Quarto Group IncHalf Year Results
Revolution Beauty Group PLCFull Year Results
Uniphar PLCHalf Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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23 Aug 2022 11:49

ShoreCap stays at 'buy for Bunzl ahead of 1H results

(Sharecast News) - Analysts at ShoreCap reiterated their 'buy' recommendation for shares of Bunzl ahead of the value added distributor's first half results.

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19 Aug 2022 09:32

LONDON BROKER RATINGS: Jefferies cuts Bunzl, Compass and Mears

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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15 Aug 2022 09:31

LONDON BROKER RATINGS: JPMorgan cuts Auto Trader and Trainline

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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2 Aug 2022 09:27

Bunzl makes new acquisitions in Australia, Brazil, Benelux and UK

(Alliance News) - Bunzl PLC on Tuesday announced it has continued to expand internationally and domestically, with four new acquisitions.

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2 Aug 2022 07:26

Bunzl enters into agreements to acquire four businesses

(Sharecast News) - Distribution and services group Bunzl has agreed to acquire businesses in the Netherlands, Brazil, Australia, and the UK.

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5 Jul 2022 11:32

IN BRIEF: Glantus Holdings wins audit contract from Bunzl

Glantus Holdings PLC - Dublin-based data platform for accounts payable and shared services - Wins contract to provide a recovery audit for London-based distribution and services firm Bunzl PLC for its UK and Ireland businesses. "This Glantus solution enables a self-funding model to identify the root cause of issues, find lost working capital and unlock the use of that capital to automate manual processes in line with Bunzl's continuous improvement model," Glantus explains.

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30 Jun 2022 17:00

LONDON MARKET CLOSE: FTSE 100 ends woeful month on downbeat note

(Alliance News) - It was a red finish to a difficult month for equities in London, troubled by rising interest rates, soaring inflation and recession worries.

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30 Jun 2022 16:58

FTSE 100 posts first quarterly drop since September 2020

June 30 (Reuters) - London's FTSE 100 fell on Thursday and recorded its first quarterly drop since September 2020, as concerns grew that prolonged inflationary pressures would force central banks to act aggressively, leading to a global economic downturn.

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30 Jun 2022 12:17

LONDON MARKET MIDDAY: Stocks sink on hawkish stance of central bankers

(Alliance News) - Stock prices in London were sharply lower at midday on Thursday, after some of the world's most influential central bankers reaffirmed their determination to fight inflation, even at the risk of triggering recessions.

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30 Jun 2022 09:18

TOP NEWS: Bunzl ups growth outlook to "very good" from "moderate"

(Alliance News) - Bunzl PLC on Thursday lifted annual guidance as the distribution firm's fortunes are boosted by inflation.

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30 Jun 2022 08:44

LONDON MARKET OPEN: Housebuilders slide as house market starts to slow

(Alliance News) - Stock prices in London opened sharply lower on Thursday amid fears that the interest rate hikes required to rein in inflation will spark a global recession, while housebuilders fell after UK house price growth slowed.

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30 Jun 2022 07:51

LONDON MARKET PRE-OPEN: Bunzl raises guidance on strong growth

(Alliance News) - Stock prices in London are seen opening lower on Thursday as investors grow increasingly fearful that sharp interest rate hikes to rein in soaring inflation will spark a recession.

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