DCC PLC Interim Management Statement (2284P)
February 08 2023 - 2:00AM
UK Regulatory
TIDMDCC
RNS Number : 2284P
DCC PLC
08 February 2023
8 February 2023
DCC plc
Interim Management Statement
DCC reiterates guidance for strong profit growth; Q3 trading in
line with expectations
DCC plc, the leading international sales, marketing and support
services group, is issuing this Interim Management Statement for
the third quarter ended 31 December 2022.
Third quarter ended 31 December 2022
Group operating profit for the third quarter ended 31 December
2022 was in line with expectations and ahead of the prior year, a
good performance given the challenging macro environment.
DCC Energy delivered good operating profit growth in both the
Mobility and Solutions businesses, notwithstanding the weather
conditions being milder than average during the third quarter of
the financial year. Operating profit declined in DCC Healthcare,
where DCC Health & Beauty Solutions saw reduced demand as
customers continued to reduce their inventory levels. This offset
the strong growth delivered by DCC Vital, which performed well and
benefited from the acquisition of MediGlobe. DCC Technology
delivered good operating profit growth, in line with expectations,
driven by strong growth in North America.
Year ending 31 March 2023
DCC continues to expect that the year ending 31 March 2023 will
be another year of strong operating profit growth, in line with
current market consensus expectations.
Development activity
DCC has now committed approximately GBP330 million to new
acquisitions since the annual results announcement in May 2022.
Since the Interim Results announcement in November 2022, DCC Energy
has completed a number of small bolt-on acquisitions which provide
solar and heat pump services to customers.
Year end results
DCC expects to announce its results for the year ending 31 March
2023 on 16 May 2023.
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 22 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 16,000
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 operating profit
of GBP589.2 million.
DCC has an excellent record, delivering compound annual growth
of 14% in 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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