Finance
UK's Bunzl forecasts hit from deflation to 2024 profit
Published by Global Banking & Finance Review®
Posted on December 17, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 17, 2024
1 min readLast updated: January 27, 2026
Bunzl forecasts a slight impact on 2024 profit due to deflation, mainly in Europe, but expects growth in 2025 driven by acquisitions.
(Reuters) - Britain's Bunzl on Tuesday forecast that stickier-than-anticipated deflation will have a slight impact on its annual profit, especially in its Continental Europe division.
However, the business supplies distributor still expects group adjusted operating profit in 2024 to be higher in comparison with 2023 at constant exchange rates.
Bunzl has been balancing its volume declines in the U.S., a key market for the company, with higher prices for its daily-use items, but the unexpected continuation of price declines in Continental Europe and UK and Ireland regions are expected to slightly dent its bottom line for the year.
The supplier of everything from food packaging to stationery expects expects "robust" revenue growth in 2025, helped by the portfolio of its recently acquired businesses, with group revenue for the current year to be around 3% higher than last year.
(Reporting by Yamini Kalia in Bengaluru; Editing by Abinaya Vijayaraghavan and Mrigank Dhaniwala)
The article discusses Bunzl's forecast of a slight impact on its 2024 profit due to deflation, with expectations of growth in 2025.
Bunzl is balancing volume declines in the U.S. with higher prices for daily-use items.
Bunzl expects robust revenue growth in 2025, aided by its portfolio of recently acquired businesses.
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