Bunzl holds guidance after slight rise in FY earnings

(Sharecast News) - Distribution giant Bunzl on Monday reiterated guidance after posting a rise in annual profits. Adjusted pre-tax profit rose 2.2% to £873m while revenue fell slightly to £11.7bn.

"Despite significant uncertainties relating to the wider economic and geopolitical landscape, the group expects robust revenue growth in 2025, at constant exchange rates, driven by announced acquisitions and slight underlying revenue growth," Bunzl said.

"Group operating margin is expected to be maintained in-line with 2024 and to remain substantially higher compared to pre-pandemic levels, driven by higher margin acquisitions, as well as a good underlying margin increase."

Reporting by Frank Prenesti for Sharecast.com