Bunzl Sales Grow 17% In 2008
Global distributor Bunzl plc reported sales for 2008 were £4.18 billion (US$6.04 billion), an increase of 17% over 2007 sales. Profit improved 9.3% to £142.2 million (US$206.7 million).
Sales in North America increased 12% due to stronger organic growth and a strengthened American dollar in the second half of the year. Acquisitions drove sales in the U.K. and Ireland up 11%. Sales in continental Europe grew 34%.
The Group once again had a successful year in 2008 due to a combination of organic growth, the positive acquisition impact in both new and existing geographies and the benefit of currency translation, Chief Executive Michael Roney said. Bunzl continued to expand its presence in target markets in 2008, including Brazil and …
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