From Nasdaq, Inc.: 2025-04-16 02:27:00

Bunzl Plc reported lower adjusted operating profit in the first quarter, with revenues slightly higher but below expectations. Group revenue increased 0.8% on a reported basis and 2.6% at constant exchange rates, while underlying revenue declined 0.9%. The company now expects moderate revenue growth for fiscal 2025, with a group operating margin expected to be moderately below 8.0%. The revision in outlook is due to operational challenges in North America. CEO Frank van Zanten expressed disappointment and mentioned taking action to improve performance, especially in North America.



Read more at Nasdaq, Inc.: Bunzl Plc Q1 Adj. Operating Profit Down, Revenue Edges Up; Cuts FY25 Outlook