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Bunzl plc, the international distribution and outsourcing Group, today publishes its half yearly financial report for the six months ended 30 June 2016.
Highlights include:
* Before customer relationship amortisation and acquisition related costs (see Notes 1 and 2)†Before acquisition related costs (see Cash flow in the Financial Review)
Commenting on today’s results, Frank van Zanten, Chief Executive of Bunzl, said:
“I am pleased that Bunzl has produced another good set of results with adjusted operating profit up 9% at constant exchange rates and an 11% increase in the interim dividend.
Following my appointment as Chief Executive in April this year, combined with almost 20 years’ experience with the Group, I believe that Bunzl has an excellent business model with an experienced management team executing a proven strategy. Going forward, we will focus on further expansion of the Group, continuing our investments in IT and digital projects and intensifying the sharing of best practice across our businesses globally.
We continue to have a strong balance sheet and an active pipeline of opportunities for further acquisitions and expect to complete more transactions during the rest of the year. The Board is confident that Bunzl’s well positioned businesses will develop further and that the prospects for the Group are positive.”
Enquiries:
Half yearly financial report for six months ended 30 June 2016
Note:
A live webcast of today’s presentation to analysts will be available on the Company’s website at www.bunzl.com commencing at 9.30 am.