Bunzl (BNZL)

Sector:

Retailers

Index:

FTSE 100

3,412.00p
   
  • Change Today:
    -20.00p
  • 52 Week High: 3,714.00p
  • 52 Week Low: 2,875.00p
  • Currency: UK Pounds
  • Shares Issued: 334.63m
  • Volume: 789,888
  • Market Cap: £11,418m
  • RiskGrade: 114

Sales of Covid-related products underpin Q3 sales at Bunzl

By Michele Maatouk

Date: Wednesday 14 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Distribution and services group Bunzl reported a rise in third-quarter revenue on Wednesday thanks to the sale of Covid-19 related products, as it said second-half revenue is expected to grow strongly.
In the period since 30 June, group revenue rose 4% at actual exchange rates and 8.8% at constant exchange rates. Underlying revenue was 8% higher at constant exchange rates, reflecting the continued growth in the sale of coronavirus-related products such as masks, sanitisers, gloves and disinfectants.

Bunzl said that at constant exchange rates, acquisitions contributed 4%, including the impact of MCR Safety which was completed at the beginning of September.

"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," Bunzl said.

"This has more than offset the impact of weak economic activity on the group's business. Looking forward, the outlook remains uncertain, particularly considering current pandemic trends and the increasing restrictions which are now being reintroduced in some markets that may limit the continued underlying recovery."

In addition, Bunzl said larger Covid-19 related orders are expected to be more limited.

"However, given the performance year to date and the impact of recently announced acquisitions, the company currently expects revenue in the second half of 2020 to grow strongly at constant exchange rates and anticipates a slightly higher second half operating profit margin compared to the prior year."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Bunzl Market Data

Currency UK Pounds
Share Price 3,412.00p
Change Today -20.00p
% Change -0.58 %
52 Week High 3,714.00p
52 Week Low 2,875.00p
Volume 789,888
Shares Issued 334.63m
Market Cap £11,418m
RiskGrade 114

Bunzl Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.84% below the market average96.84% below the market average96.84% below the market average96.84% below the market average96.84% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
59.86% above the market average59.86% above the market average59.86% above the market average59.86% above the market average59.86% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income
65.73% below the market average65.73% below the market average65.73% below the market average65.73% below the market average65.73% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
40.54% below the market average40.54% below the market average40.54% below the market average40.54% below the market average40.54% below the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 8
Sell 4
Strong Sell 2
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Bunzl Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Nov-24 16-May-24
Paid 03-Jan-25 02-Jul-24
Amount 20.10p 50.10p

Trades for 31-Oct-2024

Time Volume / Share Price
16:36 191 @ 3,412.00p
16:36 1,300 @ 3,412.00p
16:35 250 @ 3,412.00p
16:35 19,429 @ 3,412.00p
16:35 8,351 @ 3,412.00p

Bunzl Key Personnel

CFO Richard Howes
Chair Peter Ventress

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