Bunzl PLC Trading Update
Bunzl PLC, a UK-based distribution group, has released a trading update outlining its performance for the first half of the year.
Share Price Performance The company’s shares have experienced a decline over the past year. As of the current date, investors who invested £100 in the company a year ago now hold 3.209 shares worth £74.33.
Management Outlook CEO Frank van Zanten has stated that the group is taking steps to improve its performance. The company’s management remains optimistic about its prospects.
Trading Update Bunzl has provided a trading update, expecting a 4% increase in currency-adjusted revenues for the first half of the year. The company’s operating profit margin is expected to be moderately below 8%.
Analyst Forecasts Some analysts are forecasting mild earnings beats in the coming weeks. The company’s prospects are being closely watched by investors and analysts alike.
Key Statistics
- Currency-adjusted revenues expected to increase by 4% for the first half of the year
- Operating profit margin expected to be moderately below 8%
- Share price performance over the past year: £100 investment now worth £74.33