Bunzl plc, the international distribution and outsourcing group, reported that group revenue in the first quarter increased 18 percent at actual exchange rates. At constant exchange rates, revenue increased by 4 percent compared to the same period last year due to improved underlying growth of 2 percent and a 3 percent impact from acquisitions, partly offset by the effect of fewer trading days.
The company made five acquisitions in the quarter, adding aggregate annualized revenue of £330 million (US$422.9 million).
