Highlights
Strong double digit percentage increases at constant exchange rates in operating profit and adjusted earnings per share
Group operating margin up 30 basis points to 6.7% with increased margins in all business areas
Acquisition spend year to date of £119 million including the four acquisitions announced today
Rest of the World operating profit up 45% at constant exchange rates
Continued strong cash conversion with operating cash flow to operating profit of 102%
Long track record of dividend growth continues with an increase of 10%
Commenting on today's results, Michael Roney, Chief Executive of Bunzl, said:
"I am pleased that Bunzl has produced another excellent set of results at constant exchange rates. Our resilient business model and consistent and proven strategy has once again delivered strong increases in revenue and earnings.
We have announced four acquisitions today and we expect to complete a number of further acquisitions before the year end. The impact of our recent acquisition activity combined with the continued development of the underlying business should lead to further growth at constant exchange rates in the second half of the year."
