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    Katherine Somerville

    Research Analyst at UBS Group AG

    Katherine Somerville is an equity research analyst at UBS Group AG, focusing on a range of European companies within the financial and industrial sectors. She has developed a reputation for delivering in-depth analysis and actionable investment recommendations, with coverage that includes prominent firms listed on major European exchanges. Over her tenure at UBS, her research has contributed to positive performance metrics and client satisfaction, although publicly available quantitative rankings and detailed performance data are limited. Her professional background includes prior experience in equity research and strong analytical credentials, complemented by relevant industry certifications.

    Katherine Somerville's questions to BUNZL (BZLFY) leadership

    Katherine Somerville's questions to BUNZL (BZLFY) leadership • Q3 2020

    Question

    Katherine Somerville from UBS Group AG requested color on the revenue growth run-rate through the months of Q3. She also asked if margins on COVID-related orders were maintained from Q2 and if there was a margin difference between large and small orders.

    Answer

    CFO & Director Richard Howes noted that large orders tailed off through the quarter as expected, while August and September were better than anticipated. He did not provide specific margin figures but highlighted that larger orders carry a degree of operational leverage, implying a higher margin. He also cautioned about the potential negative margin impact from new lockdowns in Q4.

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