BUNZL PRE CLOSE STATEMENT AND ACQUISITION IN THE UK
Bunzl plc, the international distribution and outsourcing Group, is updating the market today relating to the year ending 31 December 2017 prior to entering its close period.
Overall trading is consistent with expectations at the time of the third quarter trading statement in October. Group revenue for the year is expected to have increased by approximately 15% at actual exchange rates. At constant exchange rates revenue is expected to have risen by between 9% and 10% due to similar levels of growth from both organic revenue and the impact of acquisitions. The growth in organic revenue is principally due to the previously announced additional business won, albeit at lower margins, in North America towards the end of 2016.
The ability to consolidate the Company's fragmented markets through acquisitions is an important part of the ongoing strategy of Bunzl and the Company also today announces the purchase of Lightning Packaging in the UK. The business is principally engaged in the distribution of industrial packaging products to a variety of end user customers operating in a number of market sectors throughout the UK. Revenue in the year ended March 2017 was £14 million.
This year has seen a record level of acquisition spend for Bunzl of approximately £600 million which significantly exceeds the previous high of £327 million achieved in 2015. The pipeline for acquisitions remains active.
Enquiries:
Bunzl plc
Frank van Zanten, Chief Executive
Brian May, Finance Director
Tel: +44 (0)20 7725 5000
Tulchan
David Allchurch
Martin Robinson
Tel: +44 (0)20 7353 4200
Bunzl plc published this content on 14 December 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 14 December 2017 07:06:10 UTC.
Original documenthttp://otp.investis.com/clients/uk/bunzl1/rns/regulatory-story.aspx?cid=72&newsid=958108
Public permalinkhttp://www.publicnow.com/view/CAB101BA849E0381F85FB6F3680160BC77703AF4
Bunzl plc specializes in the distribution of hygiene and safety packages, products, and materials. The group also offers packaging products, restaurant items (cutlery, glassware, kitchen utensils, etc.), cleaning products (soaps, detergents, toilet paper, custodial products, polishes, washing machines, etc.), and personal protection equipment (gloves, masks, clothing, etc.).
Net sales break down by sector into food services (29.8%), grocery stores (26.1%), safety (14.8%), retail (9.6%), hygiene and cleaning (9.3%), healthcare (7%), and other (3.4%).
Net sales are distributed geographically as follows: the United Kingdom and Ireland (12%), Continental Europe (18%), North America (61.2%) and other (8.8%).
BUNZL PLC 
