AcquisitionBunzl has signed an agreement to acquire Hospitalia in Chile, marking its entry into the Chilean healthcare market with revenue of c.£21m.
Analyst RecommendationAnalyst upgrades Bunzl to Buy due to improving underlying trading trends, balance sheet strength, and a valuation discount to historical averages.
Financial PerformanceBunzl reported a robust set of full year results, with revenues up, improved underlying trends, and increased operating profits and margins.