Strong demand for virus prevention products provides boost to Bunzl profits

Distribution and outsourcing group Bunzl beat profit forecasts as it benefited from strong demand for safety and cleaning products related to H1N1 virus prevention.

Bunzl, whose main customer markets include grocery, non-food retail, cleaning and safety, said it had seen a marked improvement in operating margins across its four business areas in the second half of 2009 and was confident for 2010.

Bunzl's chief executive Michael Roney said: "As GDP turns positive our organic growth will turn positive."

Hide Ad
Hide Ad

He added that the company had spent 2009 realigning its cost base to give efficiencies which would continue into 2010 and this, combined with potential acquisitions, made him optimistic for Bunzl's future.

Related topics: