Bunzl reports 13% growth in sales

Distribution group Bunzl revealed today that its revenues grew 13% during the first half of the year.

The company, which is based in the UK but operates globally, pulled in sales of £2.95 billion during the six months to the end of June.

Pre-tax profits grew 9% year-on-year to £$129m for the same period.

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Bunzl owns a range of businesses, including Lockhart and CCS in the catering sector, but doesn’t break down its numbers on an individual company level.

Chief executive, Michael Roney, said double-digit growth in revenue, earnings and dividends continued to demonstrate the resilience and reliability of Bunzl’s business model.

He said: “Looking forward, although the macroeconomic outlook remains challenging in some markets, we believe that our strong competitive position and the opportunities to consolidate our fragmented markets further should enable the group to show continued growth during the rest of the year.”

Roney added that Bunzl also had a “promising” acquisition pipeline after the company also confirmed the UK acquisition of TFS (The Fulfilment Store), a Rugby-based company specialising in the procurement and fulfilment of promotional products and POS materials.

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