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BRIEF-Bunzl Reports HY Dividend Growth Of 2% To 15.5 Pence

Published 2019-08-27, 02:17 a/m
Updated 2019-08-27, 02:20 a/m
BRIEF-Bunzl Reports HY Dividend Growth Of 2% To 15.5 Pence

BRIEF-Bunzl Reports HY Dividend Growth Of 2% To 15.5 Pence

Aug 27 (Reuters) - Bunzl plc BNZL.L :

* H1 REVENUE 4.528 BILLION STG VERSUS 4.344 BILLION STG YEAR AGO

* H1 ADJUSTED PRETAX PROFIT 264.9 MILLION STG VERSUS 257.9 MILLION STG YEAR AGO

* GROUP'S EXPECTATIONS FOR 2019 REMAIN UNCHANGED

* INTERIM DIVIDEND 15.5P

* IN ACTIVE DISCUSSIONS WITH A NUMBER OF ACQUISITION TARGETS

* ANTICIPATE WILL RESULT IN ADDITIONAL DEALS DURING REMAINDER OF YEAR

* BOARD IS ALSO MONITORING DEVELOPING SITUATION WITH RESPECT TO TRADE TARIFFS IN NORTH AMERICA

* CFO BRIAN MAY WILL BE SUCCEEDED BY RICHARD HOWES WHO WILL JOIN COMPANY ON 1 SEPTEMBER 2019

* BUNZL - GROUP DOES NOT CONSIDER THAT ITS PRINCIPAL RISKS AND UNCERTAINTIES HAVE CHANGED AS A RESULT OF BREXIT OR US TRADE TARIFF RELATED RISKS

* BUSINESS IN CANADA NEGATIVELY IMPACTED BY A LARGE GROCERY CUSTOMER IMPLEMENTING COST SAVINGS

* BUNZL - IN SAFETY BUSINESS, FACED PRODUCT COST INCREASES FROM IMPORT TARIFFS, ITS IMPACT MITIGATED THROUGH PRICE INCREASES TO CUSTOMERS, OTHERS

* BUNZL - IN SAFETY BUSINESS, IMPACT OF IMPORT TARIFFS MITIGATED THROUGH SOME RESOURCING OF PRODUCTS TO COUNTRIES WHICH DO NOT ATTRACT IMPORT TARIFFS

* IN NORTH AMERICA, EXPECT FY UNDERLYING REVENUE TO REDUCE SLIGHTLY, PRINCIPALLY DUE TO LOWER SALES TO A LARGE GROCERY CUSTOMER

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