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Bunzl plc says its pre-tax profit climbed by 23% in 2020.

The British multinational reports £10.11 billion of revenue.
Bunzl plc declares 38.3 pence per share of final dividend.
Bunzl plc (LON: BNZL) said on Monday that in 2020, its pre-tax profit saw a 23% annualised growth on the back of robust revenue. The company expressed confidence that performance was likely to sustain momentum in 2021.
Bunzl shares, that you can learn to buy online here, were reported roughly 4% down in premarket trading on Monday but regained the entire intraday loss on market open. Including the price action, the stock is now exchanging hands at a per-share price of £22.57 after recovering from a low of £12.77 per share in March 2020. ....

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Bunzl hikes dividend payouts after profits rise on strong demand for PPE

Bunzl spent £445million on acquisitions last year, which allowed it to offset a significant decline in the sale of products to food service and retail companies badly hit by the pandemic. ....

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Top UK Stocks to Watch: Entain raises takeover bid for Enlabs

Top UK Stocks to Watch: Entain raises takeover bid for Enlabs
cityindex.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityindex.co.uk Daily Mail and Mail on Sunday newspapers.

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Bunzl annual profit rises on uptick in revenue, sales of higher margin products | 1 March 2021

1 March 2021 | 07:21am
StockMarketWire.com - Distribution and services group Bunzl reported a rise in profit on an uptick in profit and margin amid increased sales of higher priced Covid-19 related products.
For the year ended 31 December 2020, pre-tax profit rose 22.6% to £555.7 million year-on-year as revenue increased 8.4% to £10.11 billion.
Revenue growth was driven by a strong increase in demand for Covid-19 related products offset by a decline in other product sales, particularly in the retail and foodservice sectors.
Operating margin rose to 6.8% from 6.3%, principally due to mix benefits from Covid-19 related products, the company said.
Overall in 2021 we expect robust revenue growth over the prior year at constant exchange rates, after excluding larger Covid-19 related orders which we do not expect to repeat, the company said. ....

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