Bunzl PLC

BNZL: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Bunzl: Economic and Geopolitical Uncertainty Drive Lower 2026 Margin Guidance

Ben Slupecki

Dec 17, 2025

Bunzl's trading update confirmed full-year 2025 guidance, with the group anticipating constant revenue growth between 2% and 3%, driven by acquisitions, and an adjusted operating margin of 7.6%. In 2026, operating margins are expected to be slightly down year on year.

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Bunzl PLC

Bunzl: Economic and Geopolitical Uncertainty Drive Lower 2026 Margin Guidance

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