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Half yearly financial report for six months ended
30 June 2011
30 Aug 2011
Bunzl plc, the international distribution and outsourcing Group, today publishes its half yearly financial report for the six months ended 30 June 2011.
| H1 11 | H1 10 | Growth as reported |
Growth at constant exchange | |
|---|---|---|---|---|
| Revenue | £2,442.0m | £2,345.1m | 4% | 6% |
| Operating profit* | £152.2m | £140.5m | 8% | 11% |
| Profit before tax* | £138.8m | £125.1m | 11% | 13% |
| Adjusted earnings per share* | 31.0p | 27.5p | 13% | 14% |
| Interim dividend | 8.05p | 7.15p | 13% | |
| Operating profit | £125.5m | £115.4m | 9% | |
| Profit before tax | £112.1m | £100.0m | 12% | |
| Earnings per share | 24.9p | 21.6p | 15% |
Other highlights include:
- Improved organic revenue growth from 1.2% to 3.3%
- All business areas show improved operating margins
- Group operating margin* up 20 basis points to 6.2%
- Significant international acquisition based in the Netherlands and sale of vending business in the UK announced today
- Seven acquisitions announced to date in 2011 with committed spend of £123 million adding annualised revenue of over £140 million
- Strong track record of dividend growth continues with 13% increase
* before intangible amortisation and acquisition related costs
Commenting on today’s results, Michael Roney, Chief Executive of Bunzl, said:
“In spite of the challenging global marketplace, Bunzl has once again produced another set of strong results. Our resilient business model has delivered improved organic growth and operating margins, while operating results were bolstered by a good level of acquisition activity.
Looking forward, we see additional opportunities for continued development both organically and through a promising pipeline of acquisitions which should enable the Group to achieve further growth.”
Enquiries:
| Bunzl plc | Tulchan |
| Michael Roney, Chief Executive | David Allchurch |
| Brian May, Finance Director | Stephen Malthouse |
| Tel: +44 (0)20 7725 5000 | Tel: +44 (0)20 7353 4200 |
Download the half yearly financial report for six months ended 30 June 2011 (PDF 130KB).
Notes:
A live webcast of today’s presentation to analysts will be available on the Company’s website at www.bunzl.com commencing at 9.30 am. A copy of the presentation will also be available on the website.
If you require a hard copy of this report, a copy is available at www.bunzl.com or please contact the Company by email (investor@bunzl.com) or telephone (+44 (0)20 7725 5000).
