StockMarketWire.com - Distribution and outsourcing company Bunzl said it expected first-half revenues to rise 4% and kept its outlook unchanged following slowing underlying growth reported in the first quarter.

Group revenue for the half year is expected to have increased by approximately 4% at actual exchange rates, and 2% at constant exchange rates due to underlying revenue growth of approximately 1% and a similar impact from acquisitions, net of disposals completed in 2018.

The company said it remained in talks on potential acquisitions to boost growth.

'Growth through acquisitions is an important part of the ongoing strategy for Bunzl with total committed spend so far this year of approximately £100m,' Bunzl said. 'The pipeline for acquisitions remains active and, with ongoing discussions taking place, the Company expects to complete further transactions during the remainder of the year.'






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