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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bunzl Plc | LSE:BNZL | London | Ordinary Share | GB00B0744B38 | ORD 32 1/7P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 32.00 | 1.05% | 3,066.00 | 3,066.00 | 3,068.00 | 3,068.00 | 3,046.00 | 3,046.00 | 51,688 | 10:48:14 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Business Services, Nec | 11.8B | 526.2M | 1.5570 | 19.70 | 10.37B |
From Apr 2019 to Apr 2024
TIDMBNZL
RNS Number : 7954E
Bunzl PLC
23 October 2018
23 October 2018
BUNZL Q3 TRADING STATEMENT AND ACQUISITION IN BRAZIL
Bunzl plc, the specialist international distribution and services Group, today announces its trading statement for the period since 30 June 2018.
Overall performance is consistent with expectations at the time of the half year results announcement in August. Group revenue for the third quarter increased by 7% at constant exchange rates due to organic growth of approximately 4% and an impact from acquisitions, net of disposals, of approximately 3%.
The Company also announces that it recently entered into an agreement to acquire Volk do Brasil which is a leading distributor of personal protection equipment based in Parana, Brazil. It is principally engaged in the supply of a broad range of gloves to redistributors and end users operating in a variety of market sectors. The business is forecast to achieve revenue in 2018 of R$200 million (c.GBP41 million). Completion of the acquisition is subject to clearance of the transaction by the Brazilian competition authority.
Commenting on the acquisition, Frank van Zanten, Chief Executive of Bunzl, said:
"The proposed purchase of Volk do Brasil will expand our already well established safety business in Brazil and will complement and strengthen our product offering in the safety sector. We look forward to welcoming their employees to the Group."
Enquiries:
Bunzl plc Tulchan Frank van Zanten, Chief Executive David Allchurch Brian May, Finance Director Martin Robinson Tel: +44 (0)20 7725 5000 Tel: +44 (0)20 7353 4200
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTBXBDGSSDBGID
(END) Dow Jones Newswires
October 23, 2018 02:00 ET (06:00 GMT)
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