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
Seffner, Florida -based Canyon Furniture Co. is recalling ladders sold with bunk bed and hutch sets citing entrapment and strangulation risks, the U.S. Consumer Product Safety Commission said. The about 2,100 units of Canyon Lake and Cottage Colors Bunk Bed and Hutch Sets were sold exclusively at Rooms To Go. Lyft announced the expansion to its partnership with Indeed in Jobs Access program. The ride-hailing company will be providing transportation access for Indeed's Ready to Work program. Indeed's Ready to Work program is a series of free virtual and in-person events for job seekers in several cities across the U.S. from September 15 to October 8, 2022. Pool and Spa drain covers imported to the United States by various companies have been recalled due to violation of the Virginia Graeme Baker Pool and Spa Safety Act, the U.S. Consumer Product Safety Commission announced. The various recalls include pool and spa drain covers manufactured in China and sold exclusively at Amazon.com for different prices ranging from $10 to $12.
Follow RTT