Trading Statement

RNS Number : 4257Z

Bunzl PLC

11 December 2014

 



11 December 2014

BUNZL PRE CLOSE STATEMENT AND ACQUISITION IN CANADA

 

Bunzl plc, the international distribution and outsourcing Group, is updating the market today relating to the year ending 31 December 2014 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 6%, due to underlying revenue growth of about 2.5% (with increases in all business areas) and the positive impact of acquisitions.  The Group operating margin should be slightly ahead of the prior year. 

The Company is also announcing today the acquisition of Acme Supplies, a cleaning and hygiene supplies business based in Vancouver Island, Canada.  Revenue in the year ended 30 November 2014 was C$16 million. 

The current environment for acquisitions, which are a key component of the Group's growth strategy, remains positive with a promising pipeline of opportunities.  This, together with Bunzl's strong cash flow and balance sheet, should enable the Group 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]

 

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