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

Bunzl FY adjusted profits slip despite modest revenue growth

By Iain Gilbert

Date: Monday 28 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Distribution and services giant Bunzl said on Monday that adjusted operating profits had slipped year-on-year in 2021 despite a modest uptick in reported revenues.
Bunzl said reported adjusted operating profits were down 3.3% on 2020 at £752.8m, while adjusted pre-tax profits were 2.4% lower at £698.2m and adjusted earnings per share were 1.5% softer year-on-year at 162.5p.

The FTSE 100-listed firm stated that the fall in profits comes as full-year reported revenues inched ahead 1.7% to £10.28bn, with recovery in its base business and acquisitions more than offsetting declines in Covid-19 related sales. Revenue at constant exchange rates was 17.1% higher than 2019's pre-Covid comparative.

Bunzl, which also reported a total 2021 dividend per share growth of 5.4%, highlighted that its North American operations made up 60% of revenues and 51% of adjusted operating profits, while Continental Europe accounted for 19% of revenues and 25% of adjusted operating profits, the UK & Ireland 12% and 9% and the rest of the world 9% and 15%.

Chief executive Frank van Zanten said: "Our adjusted operating profits in 2021 were 23% higher than in 2019, at constant exchange rates, driven by both underlying revenue growthⱡ and acquisition revenue growth, with almost £1.0bn of committed acquisition spend over this two year period. Those sectors most impacted by the pandemic, such as retail and foodservice, are recovering strongly, supported by inflation, and Bunzl continues to benefit from enhanced hygiene trends.

"Bunzl has further strengthened its value-added proposition through the pandemic and we look to the future with confidence given our consistent compounding growth strategy."

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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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