Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Bunzl plc ( (GB:BNZL) ) just unveiled an update.
Bunzl plc announced a pre-close statement for the year ending December 31, 2024. The company expects a 3% increase in group revenue at constant exchange rates, largely driven by acquisitions, despite a slight decline in underlying revenue. The group anticipates a strong increase in adjusted operating profit and plans to maintain its operating margin above pre-pandemic levels. Bunzl has committed to significant capital allocation, including a record spend of over £850 million on acquisitions and a share buyback plan. Recent acquisitions, such as C&C Group and Comodis, enhance Bunzl’s offerings in the UK and France, respectively.
More about Bunzl plc
Bunzl plc is a specialist international distribution and services group. The company focuses on providing a range of products and services, including foodservice and cleaning and hygiene products, with a significant market presence in the UK and France.
YTD Price Performance: 12.81%
Average Trading Volume: 793,245
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £11.64B
Find detailed analytics on BNZL stock on TipRanks’ Stock Analysis page.
