Bunzl PLC
15 May 2002
15 May 2002
Bunzl Annual General Meeting
In a brief statement to the Annual General Meeting on current trading, Anthony
Habgood, Chairman of Bunzl plc, said that, in what remains a tough general
economic environment especially in the US, current trading in 2002 is broadly as
anticipated in his last statement made to shareholders in February. He
confirmed that robust volume growth was continuing in Bunzl's major businesses,
albeit largely offset by year-on-year price deflation in Outsourcing Services,
and that Paper Distribution and Plastics were recovering from the particularly
difficult market conditions that prevailed in the second half of 2001. He
reiterated that the combination of underlying volume growth and the ability of
the Group to add focused acquisitions gives the Board confidence that the Group
will continue to develop satisfactorily.
Enquiries:
Bunzl plc: Finsbury:
Anthony Habgood, Chairman Roland Rudd
David Williams, Finance Director Morgan Bone
Tel: 020 7495 4950 Tel: 020 7251 3801
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