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Bunzl share price: what to expect from its Q1 results

The distribution and outsourcing company has seen growth driven by acquisitions and after a strong end to 2018 investors are hoping momentum from last year will carry forward into the first quarter 2019.

When is Bunzl’s Q1 results date?

Bunzl will hold its annual general meeting (AGM) and release its Q1 trading update on April 17.

Bunzl’s results preview: what does the City expect?

Bunzl ended 2018 on high with the company’s revenue increasing 9% at constant currency, while adjusted earnings per share rose by 12%, with investors and analysts alike expecting big things from the business this year.

The distribution and outsourcing company has recorded strong organic growth across its various business units, with them all contributing at least 4% to revenue growth in 2018. However, it was acquisitions that really propelled the company forward in last year, with takeover of Revco helping to boost sales in the company’s safety division.

Meanwhile, the successful integration of Hedis, which the company acquired in November 2017, and its acquisition of catering equipment solutions provider Aggora in January 2018, both helped boost the group’s earnings.

With Bunzl just days away from announcing its first trading update for the new financial year, the company’s strategy of inorganic growth continues, with the business announcing its acquisition of US-based safety business Liberty Glove & Safety in February in a deal valued at £183 million.

Speaking on the earnings call, Bunzl CEO Frank van Zanten said: ‘The pipeline for acquisitions remains active, and with ongoing discussions taking place, we expect to complete further transactions during the remainder of the year.’

Its good mix of inorganic and organic growth has helped Bunzl grow its share price by around 22% over the last 12 months and has become an interesting asset at a time when a number of its rivals have struggled to find their footing.

Not only that, but the company’s boast a healthy balance sheet with positive cash flow that will allow it to make further acquisitions over the course of 2019.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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