Bunzl sees revenue growth despite forex hit
Bunzl PLC (BNZL.LN) said Thursday that it anticipates to deliver revenue growth for 2018 in spite of currency headwinds as the company benefits from both organic growth and acquisitions
The FTSE 100-listed company expects revenue growth of between 8% and 9% at constant exchange rates. Reported growth is forecast to lessen by 3% to 4% due to currency movements.
The distribution and outsourcing group also said it has bought Danish food service-distributor CM Supply for an undisclosed amount. The business is expected to deliver around 4 million pounds ($5 million) in revenue for 2018, Bunzl said.
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