LSE:BNZL

Bunzl plc reported first-quarter trading in line with expectations, maintaining its full-year 2026 guidance despite ongoing macroeconomic and geopolitical uncertainty.

Group revenue increased by 1.5% at constant exchange rates, with underlying revenue growth of 2.0% supported by volume gains and tariff-related price increases. Acquisitions contributed an additional 0.6% to growth, while fewer trading days had a negative impact. At actual exchange rates, revenue declined by 0.4%.

North America slightly outperformed the group, benefiting from prior performance improvement initiatives and new business wins, while other regions delivered modest growth overall. The company expects moderate revenue growth for the full year, with operating margins slightly lower year-on-year, and highlighted continued opportunities for acquisitions as part of its long-term growth strategy.
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Author
The Investor 04-22-26
Bunzl plc reported its 2025 annual results, showing modest revenue growth but a decline in profitability amid challenging market conditions.

Revenue rose 3.0% at constant exchange rates to £11.85 billion, primarily driven by acquisitions, while underlying growth remained limited at 0.4%. However, adjusted operating profit fell 4.3% to £910.3 million, with margins declining from 8.3% to 7.7%.

Adjusted earnings per share decreased 5.2%, reflecting weaker profitability, although the company maintained strong cash generation with £579 million in free cash flow and a cash conversion rate of 95%.

Bunzl completed eight acquisitions during the year with a total spend of £132 million and executed a £200 million share buyback, while increasing its dividend slightly to 74.1p per share.

Despite the softer performance, the company reiterated its 2026 outlook, expecting moderate revenue growth and a slightly lower operating margin, supported by improving operational trends in key regions and an active acquisition pipeline.
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Author
The Investor 04-02-26
Bunzl plc confirmed that, subject to shareholder approval at its forthcoming Annual General Meeting, it will pay a final dividend of 53.9 pence per ordinary share for the year ended 31 December 2025.

The dividend will be paid on 2 July 2026 to shareholders on the register at the close of business on 22 May 2026. The ex-dividend date is set for 21 May 2026.
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Author
WS Investor 03-03-26
Bunzl plc reported full-year results for the year ended 31 December 2025, showing modest revenue growth but lower profits year-on-year.

Revenue increased 0.6% as reported to £11,845.4 million and rose 3.0% at constant exchange rates, primarily driven by acquisitions. Underlying revenue growth was 0.4%, improving to 0.9% in the second half.

Adjusted operating profit declined 6.7% as reported to £910.3 million, or 4.3% at constant exchange rates, with operating margin falling 0.6 percentage points to 7.7%. Excluding a £7.8 million credit related to prior years’ share-based awards, adjusted operating profit was £902.5 million and margin 7.6%. The second-half margin decline moderated to 0.3 percentage points, supported by improved performance in North America, stabilisation in Continental Europe and expansion in the UK & Ireland.

Adjusted profit before tax fell 9.8% as reported to £787.1 million, while adjusted earnings per share decreased 7.7% to 179.3p (down 5.2% at constant exchange rates). On a statutory basis, operating profit was £735.3 million and basic EPS 141.5p.

Cash conversion remained strong at 95%, with free cash flow of £579 million, down 8.7%. Adjusted net debt to EBITDA stood at 2.0x at year-end. The total dividend increased 0.3% to 74.1p, continuing a long-term dividend growth track record averaging 9% CAGR since 2004.

During the year, Bunzl announced eight acquisitions with committed spend of £132 million, lower than in 2024, while completing a £200 million share buyback. Management reiterated its 2026 outlook, expecting moderate revenue growth at constant exchange rates and a slightly lower operating margin year-on-year.
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Author
Global Finance News 03-02-26
Bunzl Expects 2025 Profit In Line With Expectations, Signals Moderate Growth in 2026

Bunzl confirmed that its 2025 adjusted operating profit is expected to be in line with market expectations, despite continued macroeconomic challenges across key end markets. Group revenue is forecast to grow by 2–3% at constant exchange rates, driven primarily by acquisitions, with operating margins around 7.6% and a moderation in margin pressure in the second half of the year. Performance improvements in North America and Continental Europe, alongside Nisbets synergy benefits, are supporting momentum into the final quarter. Looking ahead, Bunzl expects moderate revenue growth in 2026 at constant exchange rates, with operating margins slightly lower year-on-year, while remaining confident in the group’s resilience, active acquisition pipeline, and ability to deliver medium-term compounding growth.

Source: Bunzl RNS trading statement, 17 December 2025
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Author
WS Investor 12-22-25
Bunzl applies for listing of 67,500 new shares to satisfy options

Bunzl has applied to the UK Listing Authority and London Stock Exchange for a block listing of 67,500 ordinary shares to be admitted to the Official List. The new shares, which will rank pari passu with existing stock, will be issued to satisfy options granted under the Bunzl Sharesave Scheme. Admission is expected on 14 November 2025.
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Author
European Investor 11-13-25