16th May 2007 11:20
Bunzl PLC16 May 2007 BUNZL ANNUAL GENERAL MEETING In a statement at today's Annual General Meeting, Michael Roney, Chief Executiveof Bunzl plc, said that the current level of trading was in line withexpectations. Overall revenue growth is good with a lower level of organicgrowth in North America being offset by a stronger performance in the othergeographic business areas. He added that the integration of Bunzl's acquisitionscompleted in 2006 was continuing to plan. With respect to currency movements, heindicated that the year to date average value of the US dollar is significantlyweaker than the comparable period in 2006 which will have a negative translationimpact on the 2007 results for the half year. The recently announced share buyback programme is ongoing, consistent with the Board's objective of operatingwith an appropriate balance sheet structure and its strategic priority ofgrowing both organically and by acquisition. He also stated that Bunzl's strong market leadership position and growthpotential give the Board confidence that the prospects of the Group are good andthat the business will continue to develop successfully. Enquiries: Bunzl plc FinsburyMichael Roney, Chief Executive Roland RuddBrian May, Finance Director Mark HarrisTel: 020 7495 4950 Tel: 020 7251 3801 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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