BUSINESS WEBSITES
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16 May 2007
In a statement at today's Annual General Meeting, Michael Roney, Chief Executive of Bunzl plc, said that the current level of trading was in line with expectations. Overall revenue growth is good with a lower level of organic growth in North America being offset by a stronger performance in the other geographic business areas. He added that the integration of Bunzl's acquisitions completed in 2006 was continuing to plan. With respect to currency movements, he indicated that the year to date average value of the US dollar is significantly weaker than the comparable period in 2006 which will have a negative translation impact on the 2007 results for the half year. he recently announced share buy back programme is ongoing, consistent with the Board's strategic priority of growing both organically and by acquisition and its objective of operating with an appropriate balance sheet structure.
He also stated that Bunzl's strong market leadership position and growth potential both organically and through acquisition continue to give the Board confidence that the prospects of the Group are good and that the business overall will continue to develop successfully.
Enquiries:
| Bunzl plc | Finsbury |
| Michael Roney, Chief Executive | Roland Rudd |
| Brian May, Finance Director | Mark Harris |
| Tel: 020 7495 4950 | Tel: 020 7251 3801 |