Outsourcer and distribution group Bunzl today reported profit and revenue growth as its acquisition spree spread further.
In 2015, the company’s adjusted operating profit was £366.5m, up from £341.8m in 2014. Its total revenue was £6.5bn, up from £6.2bn.
The London-based group also revealed it has spent £327m acquiring 22 businesses, including the today's takeover of Dental Sorria. This takes the company into Turkey and Austria, meaning it now has a presence in 29 countries.
The company said its acquisitions have added annualised revenue of £324m.
Bunzl’s chief executive, Michael Roney, said the group expects “to complete additional transactions as the year progresses”.
He said: "We believe Bunzl's strong competitive position, the impact of the significant acquisition spend in 2015 and the opportunities to consolidate our fragmented markets further will lead to continued growth in 2016.”
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The results today also showed earnings per share were up 10 per cent, from 64.5p to 71p. And the company said its dividend for the year would be raised 7 per cent, from 35.5p to 38p.