The Investor
22 Apr 2026, 20:04
Bunzl plc reported first-quarter trading in line with expectations, maintaining its full-year 2026 guidance despite ongoing macroeconomic and geopolitical uncertainty.
Group revenue increased by 1.5% at constant exchange rates, with underlying revenue growth of 2.0% supported by volume gains and tariff-related price increases. Acquisitions contributed an additional 0.6% to growth, while fewer trading days had a negative impact. At actual exchange rates, revenue declined by 0.4%.
North America slightly outperformed the group, benefiting from prior performance improvement initiatives and new business wins, while other regions delivered modest growth overall. The company expects moderate revenue growth for the full year, with operating margins slightly lower year-on-year, and highlighted continued opportunities for acquisitions as part of its long-term growth strategy.
Group revenue increased by 1.5% at constant exchange rates, with underlying revenue growth of 2.0% supported by volume gains and tariff-related price increases. Acquisitions contributed an additional 0.6% to growth, while fewer trading days had a negative impact. At actual exchange rates, revenue declined by 0.4%.
North America slightly outperformed the group, benefiting from prior performance improvement initiatives and new business wins, while other regions delivered modest growth overall. The company expects moderate revenue growth for the full year, with operating margins slightly lower year-on-year, and highlighted continued opportunities for acquisitions as part of its long-term growth strategy.