Highlights include:
Revenue, profit before tax and adjusted earnings per share all increase by at least 10%
Committed acquisition spend year to date of £203 million including the Espomega and TFS acquisitions announced today
Group operating margin up 10 basis points to 6.4%
Rest of the World operating profit up 48% at constant exchange rates
Continued strong cash flow with operating cash flow to operating profit of 103%
Strong track record of dividend growth continues with an increase of 14%
Commenting on today's results, Michael Roney, Chief Executive of Bunzl, said:
"These results once again demonstrate the resilience and reliability of our business model and strategy with double digit growth in revenue, earnings and dividends.
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. We have a promising acquisition pipeline and have had an encouraging start to the second half of 2013 with the announcement today of two acquisitions, Espomega in Mexico and TFS in the UK."
