UK's Bunzl posts higher third-quarter revenue, maintains annual forecast

Bunzl Public

Tue 08:02

Oct 20 (Reuters) - British business supplies distributor Bunzl BNZL.L reported a 3.7% rise in third-quarter underlying revenue on Tuesday and maintained its annual forecast, supported by growth in its largest market, North America.
The company said operating margin for the three-month period ended September 30 was in line with management expectations
Bunzl's North American distribution business has stabilised after last year's reorganisation, helped by restored local control over pricing and inventory, new leadership and cost cuts
North America accounted for 53% of group revenue in 2025
A source said in June that activist investor Elliott holds a roughly 5% stake and is pushing Bunzl to buy back up to 10% of its market value and review its North American business
Bunzl said it remains focused on making further bolt-on acquisitions from its "active pipeline," while retaining balance sheet headroom to fund them
The stock has gained nearly 37.4% this year but remains roughly 22.2% below its September 2024 record high

 (Reporting by Anushka Chourasia in Bengaluru; Editing by Subhranshu Sahu)
 ((Anushka.Chourasia@thomsonreuters.com))