Bunzl Plc Upgrades FY Guidance Driven By Revenue Growth To Date, Announced Acquisitions

Bunzl plc (BZLFY.PK,BNZL.L) said it expects Group revenue in the first half to increase year-on-year by approximately 16% at actual exchange rates and by 12-13% at constant exchange rates. Group adjusted operating margin for the first half is expected to be slightly higher than historical annual levels, the Group said.

The Group upgraded its guidance for the year. At constant exchange rates, the Group now expects very good revenue growth in 2022, driven by good organic revenue growth and the positive contribution of acquisitions announced in the last 12 months. The Group continues to expect operating margin in 2022 to be slightly higher than historical levels.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Home improvement retailer Lowe's Cos., Inc. reported Wednesday an increase in earnings per share for the second quarter that also topped analysts' estimates. However, quarterly sales edged down and missed expectations. The company also reaffirmed its guidance range for the full-year 2022. While reporting financial results for the second quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided financial outlook for the third and the fourth quarters as well as slashed its guidance for the full-year 2023. For the third quarter, the company projects earnings in a range... American Airlines announced an agreement to purchase up to 20 Overture supersonic jets, the world's fastest airliner, from transportation start-up Boom Supersonic, with an option for an additional 40. Overture, which is expected to carry passengers at twice the speed of the fastest commercial aircraft available at present, would provide an important new speed advantage to American's fleet.
Follow RTT