DCC PLC AGM Update (5695S)
July 15 2022 - 2:00AM
UK Regulatory
TIDMDCC
RNS Number : 5695S
DCC PLC
15 July 2022
15 July 2022
DCC plc
AGM Update
DCC Reports Strong Growth in First Quarter
DCC plc, the leading international sales, marketing and support
services group, is issuing this update in advance of the Company's
AGM to be held in Dublin at 11.00 am today.
First quarter ended 30 June 2022
Following a strong performance for the year ended 31 March 2022,
DCC again delivered strong growth in the seasonally less
significant first quarter of the year ending 31 March 2023. Group
operating profit was in line with expectations and well ahead of
the prior year, driven by strong growth in DCC Energy. DCC
Healthcare traded robustly and in line with expectations. DCC
Technology recorded strong growth, benefitting from the first-time
contribution of the acquisition of Almo.
Outlook
DCC continues to expect that the year ending 31 March 2023 will
be another year of profit growth and development, notwithstanding
the challenging macro environment at present.
Sustainability and development activity
DCC released its second annual standalone Sustainability Report
on 12 July 2022. The report highlights how the Group creates
sustainable value for its stakeholders and demonstrates how the
Group is progressing against its sustainability objectives.
Aligned with the Group's view on sustainability, DCC announced
its new Leading with Energy strategy at its capital markets event
on 17 May 2022. DCC Energy's strategy is to accelerate the net zero
journey of its customers by leading the sales, marketing, and
distribution of low carbon energy solutions. On 30 June 2022, the
Group announced the appointment of Dr. Fabian Ziegler as the new
CEO of DCC Energy and he will commence his role on 1 November
2022.
Since the energy capital markets event, DCC Energy has completed
a number of new bolt-on acquisitions, including the acquisition of
Protech in the UK. Consistent with DCC Energy's strategy, the
acquisition of Protech adds further energy solutions capability for
commercial customers in the UK, including the provision of a range
of renewable heat and power solutions, maintenance and other
services.
DCC has also completed a number of previously announced bolt-on
acquisitions, including a further modest acquisition by DCC
Healthcare in Germany and DCC Energy's biogas investment in
Denmark.
Date for Interim Results
DCC expects to announce its interim results for the six months
ending 30 September 2022 on Tuesday 8 November 2022.
Contact information
Investor enquiries:
Kevin Lucey, Chief Financial Officer Tel: +353 1 2799 400
Rossa White, Head of Group Investor Email: investorrelations@dcc.ie
Relations
Media enquiries:
Powerscourt (Eavan Gannon/Genevieve Tel: +44 20 7250 1446
Ryan)
Email: DCC@powerscourt-group.com
About DCC plc
DCC is a leading international sales, marketing and support
services group with a clear focus on sustainable growth. DCC is an
ambitious and entrepreneurial business operating in 21 countries,
supplying products and services used by millions of people every
day. Building strong routes to market, driving for results,
focusing on cash conversion and generating superior sustainable
returns on capital employed enable the Group to reinvest in its
business, creating value for its stakeholders.
Headquartered in Dublin, the Group operates across three
sectors: energy, healthcare and technology, employing over 15,400
people. DCC plc is listed on the London Stock Exchange and is a
constituent of the FTSE 100. In its financial year ended 31 March
2022, DCC generated revenue of GBP17.7 billion and adjusted
operating profit of GBP589.2 million.
DCC has an excellent record, delivering compound annual growth
of 14% in adjusted operating profit and generating an average
return on capital employed of approximately 19% over 28 years as a
public company.
Follow us on LinkedIn , Twitter .
www.dcc.ie
Forward-looking statements
This announcement contains some forward-looking statements that
represent DCC's expectations for its business, based on current
expectations about future events, which by their nature involve
risk and uncertainty. DCC believes that its expectations and
assumptions with respect to these forward-looking statements are
reasonable, however because they involve risk and uncertainty as to
future circumstances, which are in many cases beyond DCC's control,
actual results or performance may differ materially from those
expressed in or implied by such forward-looking statements.
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