No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Logistics specialist Bunzl reiterated full year guidance despite an uncertain geopolitical and macroeconomic environment after a rise in first quarter revenues.
The company said it continued to expect operating margins to be slightly lower year on year with "some underlying revenue growth and a small benefit from acquisitions" after group revenue in the first quarter grew by 1.5% at constant exchange rates supported by volume growth and tariff-related price increases.
Underlying revenue grew by 2%. Acquisitions net of disposals contributed growth of 0.6%, while fewer trading days in the period impacted revenue by 1.1%, Bunzl added in a trading statement on Wednesday.
At actual exchange rates, group revenue decreased by 0.4%. Adjusted operating profit over the period was consistent with our expectations "for a more stable performance in 2026".
Chief executive Frank van Zanten said there continued to be a significant consolidation opportunity for the company: "Our pipeline is active and we see an improved outlook for acquisitions in 2026 compared to the prior year."
Reporting by Frank Prenesti for Sharecast.com
See the latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.