Bunzl PLC
16 May 2007
BUNZL ANNUAL GENERAL MEETING
In a statement at today's Annual General Meeting, Michael Roney, Chief Executive
of Bunzl plc, said that the current level of trading was in line with
expectations. Overall revenue growth is good with a lower level of organic
growth in North America being offset by a stronger performance in the other
geographic business areas. He added that the integration of Bunzl's acquisitions
completed in 2006 was continuing to plan. With respect to currency movements, he
indicated that the year to date average value of the US dollar is significantly
weaker than the comparable period in 2006 which will have a negative translation
impact on the 2007 results for the half year. The recently announced share buy
back programme is ongoing, consistent with the Board's objective of operating
with an appropriate balance sheet structure and its strategic priority of
growing both organically and by acquisition.
He also stated that Bunzl's strong market leadership position and growth
potential give the Board confidence that the prospects of the Group are good and
that the business will continue to develop successfully.
Enquiries:
Bunzl plc Finsbury
Michael Roney, Chief Executive Roland Rudd
Brian May, Finance Director Mark Harris
Tel: 020 7495 4950 Tel: 020 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
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