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Bunzl PLC on Wednesday reiterated its full-year guidance, as it reported a slight contraction in its top-line during the first quarter of the year. The distribution and services company said revenue decreased by 0.4% on a reported basis in the first quarter of 2026, but grew 1.5% at constant exchange rates. On an underlying basis, the London-based company said its top-line grew 2.0%, supported by volume growth, easier comparatives and tariff-related price increases. Bunzl noted that adjusted operating profit in the quarter matched its expectations for a more stable performance in 2026. The company backed its full-year outlook as it said performance year-to-date has aligned with its expectations. Bunzl continues to anticipate moderate revenue growth at constant exchange rates for 2026 from £11.85 billion reported in 2025. The company also expects a slight annual decline in its operating margin from 7.7%. Shares in Bunzl were up 1.3% at 2,390.00 pence on Wednesday morning in London. ‘The group continued to deliver underlying revenue growth in the first quarter, supported by actions taken to improve performance and our strengthened focus on organic revenue opportunities. While mindful of the current economic and geopolitical backdrop, the group reiterates its full year guidance and expects 2026 to be a foundation for future profit growth,’ said Chief Executive Frank van Zanten. ‘Furthermore, there continues to be a significant consolidation opportunity; our pipeline is active and we see an improved outlook for acquisitions in 2026 compared to the prior year.’ Copyright 2026 Alliance News Ltd. All Rights Reserved.
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