Bunzl have released an upbeat trading statement and confirmed positive growth throughout 2022.
Bunzl said revenue in 2022 is expected to rise around 17% year-on-year with both inflation and the impact of acquisition pushing sales numbers up.
Looking forward into 2023, the group said they expect group revenue to be resilient and slightly higher than 2022.
“Bunzl’s performance over the year has continued to demonstrate the strength and resilience of the Bunzl business model. Our teams have successfully navigated the inflationary environment and supply chain disruption experienced this year to ensure customers have reliably received the essential products they need,” said Frank van Zanten, Chief Executive Officer of Bunzl.
“Furthermore, we have continued to deliver on key strategic objectives, including supporting customers with innovative products that are better suited to a circular economy and have had our ambitious carbon emission reduction targets approved by the Science Based Targets initiative (SBTi). In addition, we have committed more than £280 million of spend to acquisitions over the year, with our pipeline remaining active and supported by our strong balance sheet.”