Following the Group's strong performance over recent years, Bunzl expects to deliver another set of good annual results, with adjusted operating profit expected to be slightly ahead of prior guidance. Group revenue in 2023 is expected to be broadly in line with 2022, at constant exchange rates and excluding the impact of the disposal of our
Looking ahead, despite uncertainties relating to the wider economic and geopolitical landscape, the Group expects some revenue growth in 2024, at constant exchange rates, driven by announced acquisitions and slightly positive organic growth. Group operating margin is expected to be broadly in-line with 2023, and to remain substantially higher compared to pre-pandemic levels, driven by the higher margin acquisitions acquired since then, as well as an underlying margin increase.
In
In addition, Bunzl completed the acquisition of Flexpost in
In December, Bunzl completed the acquisition of Miracle Sanitation Supply, a leading cleaning & hygiene distributor in the Canadian province of
Bunzl also completed the previously announced acquisitions of Safety First and Grupo Lanlimp in November, and of
Commenting on today's announcement,
'I'm pleased with the performance Bunzl has delivered this year, reflecting the dedicated efforts of our people in supporting our customers around the world. The Group is on track to deliver moderate adjusted operating profit growth, supported by a record operating margin, and we are guiding to further growth in 2024, continuing to build on the strong performance we have seen over recent years. Furthermore, we welcome three new complementary businesses to the Group today, taking the total acquisitions announced this year to 17. Over the last four years we have committed a cumulative c.
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