Bunzl plc ('Bunzl') notes the enactment of the Tax Cuts and Jobs Act in the United States on 22 December 2017. Although the full implications of this new US tax legislation on the Group are still being reviewed, Bunzl anticipates that there will be no material impact on the results for the financial year ended 31 December 2017 apart from a non-cash, net tax credit due to the revaluation of certain deferred tax balances which will be excluded from the underlying results. However, the changes are expected to reduce the Group's effective tax rate for the financial year ending 31 December 2018 to approximately 24%.
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Bunzl plc published this content on 11 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 January 2018 07:09:06 UTC.
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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 
