Bunzl upgrades profit guidance amid acquisition boost

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The FTSE 100 firm expects adjusted operating profits for 2024 to ‘show a strong increase in comparison with 2023’.

Distribution and outsourcing firm Bunzl has increased its profit guidance for the year, with acquisitions set to boost sales.

It came as Bunzl reported that adjusted operating profit grew by 3.9% to £455.5 million over the first half of this year. Meanwhile, revenues dipped by 3.3% to £5.71 billion for the period, compared with the same period last year, with a 0.4% decline after accounting for exchange rates.

 

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