REG - Bunzl PLC - Trading Statement

BunzlAnnouncement

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RNS Number : 3653B  Bunzl PLC  22 April 2026

22 April 2026

BUNZL Q1 TRADING STATEMENT

TRADING CONSISTENT WITH EXPECTATIONS; 2026 GUIDANCE UNCHANGED

 

Bunzl plc, the specialist international distribution and services Group, today
announces its trading statement for the three month period to 31 March 2026.

 

Bunzl has delivered a resilient performance in the first quarter against a
backdrop of significant macroeconomic and geopolitical uncertainty. Group
revenue in the period grew by 1.5% at constant exchange rates, with underlying
revenue(1) increasing by 2.0%, supported by both volume growth, in part
reflective of easier comparatives, and tariff-related price increases.
Acquisitions net of disposals contributed growth of 0.6%, while fewer trading
days in the period impacted revenue by 1.1%. At actual exchange rates, Group
revenue decreased by 0.4%. Adjusted operating profit over the period was
consistent with our expectations for a more stable performance in 2026.

 

North America's underlying revenue growth was slightly ahead of the Group,
supported by continued benefit of actions taken to improve performance,
including new business won in the second half of 2025. Across the other
business areas we saw slight underlying revenue growth in aggregate.

 

While the current geopolitical and macroeconomic environment has become more
uncertain, we reiterate our 2026 guidance with performance year-to-date
consistent with our expectations. We continue to expect moderate revenue
growth at constant exchange rates, driven by some underlying revenue growth
and a small benefit from acquisitions, and operating margin to be slightly
down year-on-year.

 

Commenting on today's announcement, Frank van Zanten, Chief Executive Officer
of Bunzl, said:

 

"The Group continued to deliver underlying revenue growth in the first
quarter, supported by actions taken to improve performance and our
strengthened focus on organic revenue opportunities. While mindful of the
current economic and geopolitical backdrop, the Group reiterates its full year
guidance and expects 2026 to be a foundation for future profit growth.
Furthermore, there continues to be a significant consolidation opportunity;
our pipeline is active and we see an improved outlook for acquisitions in 2026
compared to the prior year. I remain fully confident in our ability to
generate long-term compounding growth and value creation for all of our
stakeholders."

 

 

 

 Enquiries:                                                          Teneo

 Bunzl plc                                                           Martin Robinson

 Frank van Zanten, Chief Executive Officer                           Kate Somerville

 Richard Howes, Chief Financial Officer                              Tel: +44 (0)20 7353 4200

 Sunita Entwisle, Head of Investor Relations and Communications

 Tel: +44 (0)20 7725 5000

1.     Underlying revenue is organic revenue adjusted for trading days and
net of the benefit of hyperinflationary growth in excess of 26% per annum in
Turkey, which had no impact over this period.

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