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Jun 30 2022, 08:05 IST/BST
Bunzl plc OLD
Strong H1 growth, but inflation remains the key driver
- Sectors : Business Support Services
- Companies : Bunzl plc OLD
DAVY VIEW
Bunzl has released its H1 pre-close statement, which is strong and has benefited significantly from an inflation driver. Overall, forecasts for 2022E are set to increase and we expect they will move up c.4-5% at the EBITA level as that inflation point remains; however, the stock has pre-empted this and has been strong since October 2021.
