Trading Statement

RNS Number : 1942V

Bunzl PLC

11 December 2013

 



11 December 2013

BUNZL PRE CLOSE STATEMENT

 

Bunzl plc, the international distribution and outsourcing Group, is updating the market today relating to the year ending 31 December 2013 prior to entering its close period.

Overall trading is consistent with expectations at the time of the Interim Management Statement in October.  At constant exchange rates Group revenue growth for the year is expected to be approximately 12%, due to underlying revenue growth of about 2% and the positive impact of acquisitions, with the Group operating margin at a similar level to the prior year.

Acquisition growth is a key component of the Group's growth strategy.  The Group has spent approximately £250 million on the eight acquisitions announced in 2013, adding annualised revenue of approximately £245 million.  The current environment for acquisitions remains positive.

Bunzl's strong cash flow and balance sheet should continue to enable the Company to take advantage of opportunities to consolidate further the markets in which it competes and increase shareholder value.

Enquiries:

Bunzl plc Michael Roney, Chief Executive Brian May, Finance Director Tel: [phone]

Tulchan David Allchurch Stephen Malthouse Tel: [phone]

 

END

 

 

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