Bunzl plc, the specialist international distribution and services Group, is updating the market today prior to entering its closed period for the six months ending 30 June 2019.
The Group's expectations for the year ending 31 December 2019 remain unchanged with overall trading consistent with the slowing underlying revenue growth indicated at the time of the first quarter trading statement in April.
Group revenue for the half year is expected to have increased by approximately 4% at actual exchange rates. At constant exchange rates, revenue, adjusted for the impact of the number of trading days in the period relative to the prior year, is expected to have risen by around 2% due to underlying revenue growth of approximately 1% and a similar impact from acquisitions, net of disposals completed in 2018.
Growth through acquisitions is an important part of the ongoing strategy for Bunzl with total committed spend so far this year of approximately £100 million. The pipeline for acquisitions remains active and, with ongoing discussions taking place, the Company expects to complete further transactions during the remainder of the year.
Enquiries:
Bunzl plc
Tulchan
Frank van Zanten, Chief Executive
David Allchurch
Brian May, Finance Director
Martin Robinson
Tel: +44 (0)20 7725 5000
Tel: +44 (0)20 7353 4200
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.
END
TSTBSGDLSDDBGCU
Attachments
Original document
Permalink
Disclaimer
Bunzl plc published this content on 26 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 June 2019 06:26:01 UTC
Bunzl plc specializes in the distribution of hygiene and safety packages, products, and materials. The group also offers packaging products, restaurant items (cutlery, glassware, kitchen utensils, etc.), cleaning products (soaps, detergents, toilet paper, custodial products, polishes, washing machines, etc.), and personal protection equipment (gloves, masks, clothing, etc.).
Net sales break down by sector into food services (29.8%), grocery stores (26.1%), safety (14.8%), retail (9.6%), hygiene and cleaning (9.3%), healthcare (7%), and other (3.4%).
Net sales are distributed geographically as follows: the United Kingdom and Ireland (12%), Continental Europe (18%), North America (61.2%) and other (8.8%).
BUNZL PLC 
