Bunzl maintains guidance as revenue rises 5.4% in Q1

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Distribution and services group Bunzl reported a 5.4% rise in first-quarter revenue driven by demand for Covid-19 related products and a recovery in other products.

'A recovery in sales of other products is expected to be largely offset by a decline in smaller Covid-19 related orders, while recent acquisitions will further contribute to the Group's performance in 2021,' the company said.

The group's guidance remained unchanged, with the company continuing to expect robust revenue growth in 2021 compared to the prior year,