Bunzl 2025 revenue rises due to acquisitions

Bunzl Public

02/03/2026 07:11

Overview

UK distribution group's 2025 revenue rose 3%, beating analyst expectations

Adjusted operating profit fell 4.3% but beat analyst estimates

Company completed £200 mln share buyback in 2025

Outlook

Bunzl expects moderate revenue growth in 2026 at constant exchange rates

Company anticipates slight decline in operating margin year-on-year

Bunzl sees improving outlook for acquisitions in 2026

Result Drivers

ACQUISITIONS - Revenue growth driven by acquisitions, with underlying revenue growth of 0.4%

NORTH AMERICA CHALLENGES - Execution challenges in North America impacted profit, with actions taken to improve performance

CONTINENTAL EUROPE STABILITY - Stabilised operating margin in Continental Europe due to cost management and new business wins

Company press release: ID:nRSB8070Ua

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Beat*
GBP 11.84 bln
GBP 11.79 bln (20 Analysts)
FY Adjusted EBIT
Beat
GBP 910.30 mln
GBP 878.05 mln (16 Analysts)
FY Adjusted Pretax Profit
Beat
GBP 787.10 mln
GBP 739.11 mln (17 Analysts)
FY Pretax Profit
GBP 620.50 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 6 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the diversified industrial goods wholesale peer group is "buy."

Wall Street's median 12-month price target for Bunzl plc is GBp2,360.00, about 7.6% above its February 27 closing price of GBp2,194.00

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)