Bunzl reports stronger first-half margins and announces £500 million buyback

  • Bunzl PLC reported stronger first-half results and announced a £500 million share buyback.
  • Earnings per share reached $0.60, exceeding the $0.56 consensus estimate.
  • Revenue reached $8.04 billion, with 3.2% underlying growth led by North America.

Bunzl PLC reported better-than-expected first-half results, with earnings per share of $0.60 beating the $0.56 consensus. Revenue reached $8.04 billion, supported by 3.2% underlying growth led by North America, while the operating margin improved to 7.3%. Adjusted operating profit rose 8.9% to £440.6 million, and the company announced a £500 million share buyback. The results prompted positive reactions from brokers.

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