Bunzl has said revenues are set to rise on the back of acquisitions, despite the ‘uncertain’ economic backdrop.
The FTSE 100 distribution giant saw shares inch higher yesterday as a result, adding 0.3 per cent.
Bunzl also announced a deal to buy Brazilian food packaging business Solupack.
A spokesman yesterday said revenue for the first half of 2025 is expected to be around 4 per cent higher than the previous year, driven by acquisitions.
The company cut its profit forecast for 2025 two months ago and paused its share buyback in the face of tariff pressures on its North American business.
Richard Hunter, at Interactive Investor, said ‘the best that can be said for this update is that conditions do not appear to have worsened’ since the profit forecast.
Shares up: FTSE 100 distribution giant Bunzl saw shares inch higher, adding 0.3%, after it announced revenues are set to rise
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