London Oct 1, 2019 (Thomson StreetEvents) — Edited Transcript of Bunzl PLC earnings conference call or presentation Tuesday, August 27, 2019 at 8:30:00am GMT * Brian J. May Good morning, everyone, and welcome to Bunzl’s 2019 Half Year Results Presentation. After a few words from me, Brian will take you through the financial results, and I will then review our operations and talk about our consistent and proven strategy to develop the business. Again, the — against the background of slowing macroeconomic and market conditions and as indicated in our pre-close statement at the end of June, underlying revenue growth during the period was approximately 1% with a similar impact from acquisitions, net of disposals. Despite this lower-than-normal level of growth, Bunzl has again produced a resilient performance with margins holding up well. The group operating margin on a comparable constant exchange rate basis was only down 6 basis points, and operating cash flow was again strong with cash conversion at 96%. So far this year, our committed spend on acquisitions is GBP 98 million. The pipeline is active, and we expect to complete further transactions before the year-end. Brian will now take you through the financial results. Brian J…. Read full this story
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