Bunzl PLC
12 December 2007
12 December 2007
BUNZL PRE CLOSE STATEMENT
Bunzl plc, the international distribution and outsourcing Group, is updating the
market today prior to entering the close period relating to the year ending 31
December 2007.
The Company announces that:
• Despite the weakening of the US dollar in the second half of 2007 which
will have a negative translation impact for the full year, overall trading
is in line with expectations.
• In North America, while the underlying revenue growth in the second half
has improved, it is still below that of the other business areas and the
performance of the recent acquisitions continues to improve.
• Further strong underlying growth in the UK & Ireland and a good level of
acquisition activity in 2007 will increase revenue significantly. The 2006
acquisitions of Southern Syringe and Keenpac are performing ahead of
expectations and the more recent acquisitions of Coffee Point and Irish
Merchants are progressing as planned.
• Strong underlying revenue growth in Continental Europe has continued in
the second half with good performance across the region. The substantial
acquisition of King Benelux is integrating well and will add to growth in
2008.
• In Australasia the underlying revenue growth is good.
• The share buy back programme announced in April 2007 has been completed
with 14.2 million shares purchased at an aggregate cost of £100 million.
Enquiries:
Bunzl plc Tulchan
Michael Roney, Chief Executive David Allchurch
Brian May, Finance Director Stephen Malthouse
Tel: 020 7495 4950 Tel: 020 7353 4200
This information is provided by RNS
The company news service from the London Stock Exchange
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