17th May 2006 11:20
Bunzl PLC17 May 2006 17 May 2006 BUNZL ANNUAL GENERAL MEETING In a statement at today's AGM, Michael Roney, Chief Executive of Bunzl plc, saidthat in spite of the upward movement of US dollar interest rates, the currentlevel of trading is satisfactory, supported by upward pressure from commodityprices leading to slightly stronger pricing. Overall organic growth is in linewith expectations with the percentage increase in North America slightly higherthan in 2005. He added that the integration of Bunzl's recent acquisitions,particularly those in North America which came in with lower than the Group'saverage margins, is ongoing. With respect to currency movements, he furtherindicated that while the year to date average value of the dollar is strongerthan in 2005, the recent weakness, if continued until the end of the first half,will offset some of the positive translation impact from the first quarter. He also stated that Bunzl's strong market leadership and growth potential bothorganically and through acquisitions continues to give the Board confidence thatthe prospects of the Group are good and that the business will continue todevelop satisfactorily. Enquiries: Bunzl plc FinsburyMichael Roney, Chief Executive Roland RuddBrian May, Finance Director Morgan BoneTel: 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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