Q3 2020 Bunzl plc Trading Statement Call Transcript
Good morning, ladies and gentlemen, and welcome to the Bunzl Quarter 3 Trading Update. Can I just remind you that this call is being recorded. (Operator Instructions) I'm now delighted to hand you over to Bunzl's CEO, Frank van Zanten. Please begin your presentation.
Good morning, and thank you for joining us to discuss our third quarter results. We do not normally hold a conference call at this point in the year. But given the circumstances, we thought it would be helpful to do so. I will therefore briefly talk to our performance over the third quarter and the outlook before opening to Q&A.
I'm very pleased to report that Bunzl's diversified and resilient business model has driven strong growth over a challenging period. Group revenue for the third quarter was up 4% at actual exchange rates and 8.8% at constant exchange rates. The third quarter had fewer trading days than the equivalent period in 2019, which reduced revenue growth at constant exchange rates by 3.2%. This will reverse in
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