Acquisition-heavy Bunzl drops from all-time share high as margins get squeezed February 25, 2019 Bunzl stumbled from an all-time high share price this morning as the company’s margins were squeezed to a several-year low. The figures The distribution and sourcing firm grew revenue six per cent to £9.1bn in the 2018 financial year, it announce this morning. Adjusted operating profit, which strips out acquisition costs, some pensions charges and [...]
Bunzl reports growth in revenue and profit as it announces four more acquisitions August 24, 2015 Bunzl has reported higher profit and revenue in the six months to the end of June, after it went on an acquisition spree. The figures Revenues at the outsourcer and distribution group rose seven per cent to £3.1bn in its first half, the company said this morning, while profit before income tax also jumped 11 per cent to £147.1m. Earnings per share [...]
Bunzl a perfect fit for glove maker Tillman January 6, 2015 OUTSOURCING firm Bunzl has bought US-based safety business Blake H Brown, trading as Tillman. The California-based business is primarily focused on supplying protective gloves to customers in the welding and industrial sectors. Revenue in the year ended 31 December 2014 is expected to be around $100m (£65.8m). Michael Roney, Bunzl’s chief executive, said: “The purchase [...]
Distribution firm Bunzl soars on acquisitions and rise in revenue April 16, 2014 BUNZL, the distribution and outsourcing firm, saw its shares climb yesterday after it unveiled three new acquisitions and a rise in revenue and profit. The FTSE 100 company said that trading was in line with expectations, with revenue up five per cent in the first quarter compared to the same period last year, while operating [...]
Bunzl soars as spending spree boosts earnings February 24, 2014 SHARES in Bunzl soared nearly seven per cent yesterday, after the distribution and outsourcing group unveiled full-year results that beat expectations and new acquisitions. The FTSE 100-quoted firm posted adjusted earnings per share of 82.4p in 2013, which was five per cent above market forecasts and a 15 per cent increase on 2012. The dividend [...]
Bunzl chief executive eyes more acquisitions as its revenues climb August 27, 2013 DISTRIBUTION firm Bunzl yesterday unveiled solid first-half results and two new acquisitions, and hinted more potential deals are on the horizon. The FTSE 100-listed group reported a 13 per cent increase in revenue to £2.96bn and a 12 per cent rise in pre-tax profits to £167.7m. It increased its dividend by 14 per cent to [...]