2024-07-08 23:58:18 ET
Summary
- Bunzl has a proven business model that allows it to achieve above-average profit margins in a largely commoditised and fragmented industry.
- Profit growth continues at pace, though revenues dipped slightly last year.
- Bunzl's dividend growth is expected to remain strong, with a track record of annual growth and ample coverage of dividend costs.
I last covered Bunzl ( OTCPK:BZLFF ) in my "hold" piece Bunzl: Solid Progress Across The Board since, when the shares have moved up 7%....
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Bunzl: Proven Business Model Continues To Deliver