Bunzl Pre-Close Statement: Sales Growth in Line with Expectations - Modern Distribution Management

Bunzl Pre-Close Statement: Sales Growth in Line with Expectations

Bunzl plc released a pre-close statement today for the year ending Dec. 31, 2008. The distributor reported: 

  • Group revenue growth is consistent with expectations, despite economic conditions, particularly in the UK and the eurozone. The stronger U.S. dollar and euro have had a positive impact on performance.
  • In North America, Bunzl saw stronger organic growth in the second half, but this growth was partially offset by margin pressure.
  • In the UK and Ireland, revenue has growth thanks to acquisitions. Integration of 2007 and 2008 acquisitions is going to plan.”
  • Revenue in Continental Europe has continued to grow thanks to both acquisitions and organic growth.

Bunzl plc released a pre-close statement today for the year ending Dec. 31, 2008. The distributor reported: 

  • Group revenue growth is consistent with expectations, despite economic conditions, particularly in the UK and the eurozone. The stronger U.S. dollar and euro have had a positive impact on performance.
  • In North America, Bunzl saw stronger organic growth in the second half, but this growth was partially offset by margin pressure.
  • In the UK and Ireland, revenue has growth thanks to acquisitions. Integration of 2007 and 2008 acquisitions is going to plan.”
  • Revenue in Continental Europe has continued to grow thanks to both acquisitions and organic growth.

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