Bunzl shifts outlook to broadly flat full-year operating margin
Bunzl management is cautious on margin sustainability. The U.K. distribution and services group now expects full-year operating margin broadly flat, versus prior outlook slightly down year on year.
Bunzl's management has been cautious about margin sustainability, Bernstein's Will Kirkness and Filippo Giardini write in a note.
The U.K. distribution and services group said it now expects its full-year operating margin to be broadly flat instead of slightly down on year previously. "While the ou…