Bunzl Reports Record Acquisition Spend and Maintains 2025 Guidance

Bunzl plc ( (GB:BNZL) ) just unveiled an announcement.

Bunzl plc reported its annual results for 2024, highlighting a record acquisition spend of £883 million and maintaining its 2025 guidance for robust revenue growth. The company achieved a 3.1% increase in revenue at constant exchange rates, with adjusted operating profit growing by 7.2%. Despite challenges such as deflation and currency translation losses, Bunzl continued to expand its operating margin and announced a commitment to allocate £700 million annually towards acquisitions and capital returns over the next three years. The company also completed a £250 million share buyback and plans an additional £200 million buyback for 2025, reflecting its strong financial position.

More about Bunzl plc

Bunzl plc is a specialist international distribution and services group that operates across multiple sectors and geographies. The company focuses on providing a wide range of products and services, including packaging, cleaning and hygiene supplies, and safety equipment, with a strong emphasis on acquisitions to enhance its market position.

YTD Price Performance: 2.18%

Average Trading Volume: 768,662

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £11.03B

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