Strong Operating Profit Growth
Bunzl achieved strong adjusted operating profit growth of 7.2% at constant exchange rates, primarily driven by operating margin expansion from 8% to 8.3%.
Record Acquisition Spend
The company committed a record GBP 883 million to acquisitions this year with 13 announced acquisitions across 5 sectors and 9 countries.
Increased Own Brand Penetration
Own brand penetration increased to 28% from 25% last year, primarily driven by actions to develop the own brand offering in North America.
High Return on Invested Capital
Return on invested capital was 14.8%, well ahead of the group's WACC, showcasing strong capital efficiency.
Cash Conversion and Dividend Growth
Consistent cash generation with GBP 634 million of free cash flow and a 93% cash conversion rate. Total dividend per share increased by 8.2%.