Bunzl PLC
17 May 2006
17 May 2006
BUNZL ANNUAL GENERAL MEETING
In a statement at today's AGM, Michael Roney, Chief Executive of Bunzl plc, said
that in spite of the upward movement of US dollar interest rates, the current
level of trading is satisfactory, supported by upward pressure from commodity
prices leading to slightly stronger pricing. Overall organic growth is in line
with expectations with the percentage increase in North America slightly higher
than in 2005. He added that the integration of Bunzl's recent acquisitions,
particularly those in North America which came in with lower than the Group's
average margins, is ongoing. With respect to currency movements, he further
indicated that while the year to date average value of the dollar is stronger
than in 2005, the recent weakness, if continued until the end of the first half,
will offset some of the positive translation impact from the first quarter.
He also stated that Bunzl's strong market leadership and growth potential both
organically and through acquisitions continues to give the Board confidence that
the prospects of the Group are good and that the business will continue to
develop satisfactorily.
Enquiries:
Bunzl plc Finsbury
Michael Roney, Chief Executive Roland Rudd
Brian May, Finance Director Morgan Bone
Tel: 020 7495 4950 Tel: 020 7251 3801
This information is provided by RNS
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