ANNUAL RESULTS ANNOUNCEMENT
ADJUSTED EARNINGS PER SHARE AND DIVIDEND UP 13%
Bunzl plc, the international distribution and outsourcing Group, today publishes its annual results for the year ended 31 December 2011.
|
|
2011 |
2010 |
Growth as reported |
Growth at constant exchange |
|
Revenue |
£5,109.5m |
£4,829.6m |
6% |
7% |
|
Operating profit |
£335.7m |
£306.7m |
9% |
10% |
|
Profit before tax |
£306.1m |
£276.2m |
11% |
11% |
|
Adjusted earnings per share |
68.5p |
60.6p |
13% |
13% |
|
Dividend for the year |
26.35p |
23.35p |
13% |
|
|
|
|
|
|
|
|
Operating profit |
£279.3m |
£255.7m |
9% |
|
|
Profit before tax |
£193.7m |
£225.2m |
(14)% |
|
|
Basic earnings per share |
38.2p |
49.1p |
(22)% |
|
Other highlights include:
· Organic revenue growth increased to 4%, its highest level since 2006
· Group operating margin up 20 basis points to 6.6%
· All business areas show improved operating margins at constant exchange rates
· Disposal of vending with proceeds reinvested in core, higher return businesses
· Acquisition spend of £185 million adding annualised revenue of more than £200 million
· Very strong cash flow with net debt to ebitda ratio reduced from 2.1 times to 1.7 times
· Strong track record of earnings and dividend growth continues with increases of 13%
