Back to the newsroom

23 Feb 2015
Bunzl plc

Annual results for year ended 31 December 2014

Bunzl plc, the international distribution and outsourcing Group, today publishes its annual results for the year ended 31 December 2014.

2014 2013 Growth
as reported
at constant
Financial results        
Revenue £6,156.5m £6,097.7m 1% 7%
Adjusted operating profit* £429.8m £414.4m 4% 10%
Adjusted profit before income tax* £387.8m £372.2m 4% 11%
Adjusted earnings per share* 86.2p 82.4p 5% 11%
Dividend for the year 35.5p 32.4p 10%  
Statutory results        
Operating profit £341.8m £332.1m 3%  
Profit before income tax £299.8m £289.9m 3%  
Basic earnings per share 64.5p 63.5p 2%  

Highlights include:

  • Strong, double digit percentage increases at constant exchange rates in adjusted operating profit* and adjusted earnings per share*
  • Acquisition spend of £211 million on 17 acquisitions across all business areas; two further acquisitions announced today
  • Group operating margin* up 20 basis points to 7.0%, with significant increases in Continental Europe and UK & Ireland
  • Return on average operating capital up 80 basis points to 57.7%
  • Another year of strong cash flow with operating cash flow to adjusted operating profit* of 95%
  • 22 year track record of strong dividend growth continues with an increase of 10%

* Before intangible amortisation and acquisition related costs
Before acquisition related costs

Commenting on today’s results, Michael Roney, Chief Executive of Bunzl, said:

“I am pleased to report that once again we have demonstrated the strength, resilience and reliability of our business model and strategy which together have delivered another excellent set of results at constant exchange rates.

We are announcing two acquisitions today and with a promising pipeline we expect to complete further transactions as the year progresses. This acquisition activity, together with the ongoing development of the underlying business, should lead to further growth in 2015.”


Bunzl plc

Michael Roney, Chief Executive David Allchurch
Brian May, Finance Director Stephen Malthouse
Tel: +44 (0)20 7725 5000 Tel: +44 (0)20 7353 4200

A live webcast of today’s presentation to analysts will be available on commencing at 9.30 am.

Annual results for the year ended 31 December 2014