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Bunzl plc (BZLFY) Shareholder/Analyst Call Transcript
Seeking Alphaยท 2025-12-17 13:59
Core Viewpoint - The company anticipates achieving an adjusted operating profit for 2025 in line with previous guidance, despite challenging market conditions [2] Financial Performance - Underlying revenue is expected to remain broadly flat, with good momentum anticipated in the final quarter due to new business wins in North America [2] - Group revenue growth is projected to be between 2% and 3% at constant exchange rates, with an operating margin expected to be around 7.6%, down from 8.3% in the prior year [3] - The company completed a GBP 200 million share buyback at the end of October and expects leverage to be just over 2x [3] Strategic Actions - Performance improvements are attributed to actions taken in North America and Continental Europe, as well as synergy benefits from acquisitions [3] - The company expects a moderation in the year-on-year operating margin decline in the second half of the year due to easier comparatives and operational improvements [3]