Bunzl PLC Trading Statement (2760K)
13 December 2018 - 6:00PM
UK Regulatory
TIDMBNZL
RNS Number : 2760K
Bunzl PLC
13 December 2018
13 December 2018
BUNZL PRE CLOSE STATEMENT AND ACQUISITON IN DENMARK
Bunzl plc, the specialist international distribution and
services Group, is updating the market today relating to the year
ending 31 December 2018 prior to entering its close period.
Overall performance is consistent with expectations at the time
of the third quarter trading statement in October. Group revenue
for the year is expected to increase by between 8% and 9% at
constant exchange rates due to organic growth of more than 4% and a
similar impact from acquisitions, net of disposals. Currency
translation movements are expected to reduce the constant exchange
revenue growth by between 3% and 4%.
Bunzl also announces that it has recently acquired CM Supply, a
foodservice distributor based in Copenhagen, Denmark. The business
is principally engaged in the supply of own brand and customised
foodservice disposables and packaging to customers operating in the
hotel, restaurant and catering sector and is forecast to achieve
revenue in 2018 of DKK37 million (c.GBP4 million).
Finally, the Company confirms that the proposed acquisition of
Volk do Brasil, which was announced on 23 October 2018, has been
cleared by the Brazilian competition authority and is expected to
be completed at the beginning of January 2019.
Enquiries:
Bunzl plc Tulchan
Frank van Zanten, Chief Executive David Allchurch
Brian May, Finance Director Martin Robinson
Tel: +44 (0)20 7725 5000 Tel: +44 (0)20 7353 4200
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END
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December 13, 2018 02:00 ET (07:00 GMT)
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