The Bunzl Board is recommending a final dividend of 35.8p. This brings the total dividend for the year to 51.3p, up 2.2% compared to 2018.
Other financial highlights include:
Revenue up 1.0% at constant exchange rates, up 2.7% at actual exchange rates
Operating margin up from 6.7% to 6.8% at constant exchange rates on a consistent IAS 17 basis, unchanged at actual exchange rates
Adjusted profit before income tax up 2.4% at constant exchange rates on a consistent IAS 17 basis, up 3.6% at actual exchange rates
Committed acquisition spend of £124 million during the year with four acquisitions announced in recent months (annualised revenue £300 million) and a promising pipeline
Return on average operating capital 48.4% with return on invested capital 14.6% on an IAS 17 basis
Continued strong cash conversion of 101% and free cashflow growth of 10%
