Bunzl plc
F:BUZ1

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Bunzl plc Logo
Bunzl plc
F:BUZ1
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Price: 23.76 EUR 0.08% Market Closed
Market Cap: 8B EUR

Bunzl plc
Investor Relations

Amidst the bustling environment of global commerce, Bunzl plc stands out as an understated powerhouse, weaving its intricate web across numerous sectors. Originating from humble beginnings in 1854 as a haberdashery in Bratislava, Bunzl has evolved to become a global distributor and outsourcing partner specializing in the distribution of non-food consumables. While the company might not grab headlines in the way tech giants do, its business model is pivotal to countless industries. Bunzl's core strength lies in its ability to supply a broad range of everyday essentials including packaging, cleaning supplies, and personal protective equipment, serving diverse markets like grocery, food service, and healthcare. This diversified approach acts as a buffer against economic volatility, ensuring stable revenue streams.

Revenue generation at Bunzl is a precisely orchestrated affair. By keeping close to its customers, the company crafts tailored solutions that align supply chains seamlessly with their operational needs, effectively outsourcing the complex logistics of sourcing and inventory management. This customer-centric model means clients often rely on Bunzl as a single point of contact for their essential supplies, reducing complexity and cost. Meanwhile, Bunzl leverages its significant purchasing power and network efficiency to negotiate advantageous terms with suppliers, enhancing its competitive positioning. As sustainability becomes increasingly crucial, Bunzl is also making strides in offering environmentally responsible alternatives, subtly reconfiguring its portfolio to meet changing customer demands while carving out pathways to future market share expansion. Through this, Bunzl not only maintains a steady flow of income but also reinforces its status as an indispensable ally to myriad businesses.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 26, 2025
AI Summary
Q2 2025

Revenue Growth: Bunzl reported 4.2% revenue growth at constant exchange rates, mainly driven by acquisitions; underlying revenue was broadly flat.

Profit Decline: Adjusted operating profit fell 7.6% at constant rates, and operating margin dropped by 100 bps to 7%, hurt by weakness in North America and Continental Europe.

Cash Flow & Leverage: Cash conversion was strong at 97%, but free cash flow declined 22% year-on-year. Net debt-to-EBITDA is now 1.9x, in line with target range.

Dividend & Buyback: Interim dividend increased by 0.5%, and the share buyback program has resumed with £86 million to be completed by year-end.

North America Turnaround: Leadership changes and a return of decision-making to local teams are starting to restore agility and morale; early signs of improvement are visible but a full turnaround is expected to take until late 2026.

Continental Europe Headwinds: Margin declined as expected due to deflation and weak French economy; some bright spots in Benelux and Spain.

Guidance Reiterated: Management reiterated expectations for moderately lower operating margin in 2025 versus 2024, with improvements expected in the second half.

Key Financials
Revenue
£5.8 billion
Adjusted Operating Profit
£404.5 million
Operating Margin
7%
Cash Conversion
97%
Free Cash Flow
£243 million
Net Debt-to-EBITDA
1.9x
Adjusted Earnings Per Share
77.8p
Return on Invested Capital
13.5%
Return on Average Operating Capital
38.8%
Interim Dividend
20.2p per share
Adjusted Net Finance Expense
£58.9 million
Adjusted Net Debt
£1.9 billion
Acquisition Committed Spend
£120 million (2025 year-to-date)
Share Buyback Remaining
£86 million
Deferred and Contingent Consideration
£336 million
Earnings Call Recording
Other Earnings Calls
2025
2021
2020

Management

Mr. Mark P. Jordan
Group Chief Information Officer
No Bio Available
Ms. Sunita Charlotte Entwisle
Head of Investor Relations
No Bio Available
Mr. Andrew John Mooney
Director of Corporate Development
No Bio Available
Ms. Diana Jane Breeze
Director of Group Human Resources
No Bio Available
Mr. Jonathan Taylor
Managing Director of Latin America
No Bio Available
Mr. James McCool
Chief Executive Officer of North America
No Bio Available
Mr. Alberto Grau
Managing Director of Continental Europe
No Bio Available
Mr. Ian Bryan Burrows
Head of Internal Controls
No Bio Available
Mr. Scott Mayne
MD for Bunzl Asia Pacific & Business Area Head
No Bio Available
Mr. Dale Stokes
Managing Director of UK & Ireland
No Bio Available

Contacts

Address
London
York House, 45 Seymour Street
Contacts
+442077255000.0
www.bunzl.com