Narrow-Moat Bunzl Supplies an In-Line First Half
Narrow-moat Bunzl delivered reasonable first-half results, with organic revenue growth of 3.7% and acquisition-led growth of 3.3% combining to increase the top line by 7% year over year on a constant exchange-rate basis. While revenue growth was bang in line with our expectations for the full year, operating profit was slightly behind. This was partly due to the mix of business won in North America, which generates almost 60% of group revenue. At this early point in the year, however, we do not ...Bunzl is engaged in the distribution and outsourcing service, supplying a range of internationally sourced non-food products to a variety of market sectors. Co.'s market sectors: Foodservice, which comprised of non-food consumables, including food packaging, disposable tableware and guest amenities, cleaning products and safety items; Grocery, which goods not for resale including food packaging and hygiene supplies, to grocery stores; Cleaning and hygiene, which including chemicals and hygiene paper; safety, which include a range of personal protection equipment, including hard hats, gloves, boots, ear and eye protection and other workwear, to industrial and construction markets.
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