Interim Management Statement

RNS Number : 0383G

Bunzl PLC

17 October 2008

 



17 October 2008

BUNZL INTERIM MANAGEMENT STATEMENT

Bunzl plc, the international distribution and outsourcing Group, today announces its interim management statement for the nine months ended 27 September 2008.

Overall trading has been consistent with expectations at the time of the interim results announcement in August. Despite increasingly difficult economic conditions as the year has progressed, particularly in the UK and the eurozone, Group revenue in the third quarter has grown 15% compared to the same period last year due to a combination of organic growth, the positive impact of acquisitions and the weakening of sterling, principally against the euro and US dollar.

Acquisitions remain an important part of Bunzl's growth strategy. Including the purchase of A&E Russell, Hicosa and Marca, which have been completed since the half year, the Company has year to date announced acquisitions with total annualised revenue of £148 million.

The Board is confident that the Group's market leading positions in relatively resilient sectors and its continued strong financial position will enable Bunzl to take advantage of appropriate opportunities to increase shareholder value as they arise.

Enquiries:

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

Tulchan David Allchurch Stephen Malthouse Tel: [phone]

 

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