5 February 2025
Q3 Trading Statement
DCC plc, the leading international sales,
marketing and support services group, is issuing this Trading
Statement for the third quarter ended 31 December 2024.
Robust performance in third quarter
Group adjusted operating profit for
the third quarter ended 31 December 2024 was broadly in line with
prior year and modestly ahead of the prior year on a constant
currency basis.
DCC Energy traded robustly and
delivered good operating profit growth. Despite the impact of
warmer weather conditions, Energy Solutions delivered good growth
driven by the performance of Continental Europe. The Mobility
business also performed well and delivered strong growth. DCC
Healthcare performed in line with expectations and prior year.
Operating profit declined in DCC Technology, driven by a weak
market for consumer technology products in the UK and Europe over
the holiday season.
Outlook
Notwithstanding the headwind of
currency translation, DCC continues to expect that the year ending
31 March 2025 will be a year of good operating profit growth and
significant strategic progress.
Strategy and development update
On 12 November 2024, DCC announced
an update to the Group's strategy; focusing the Group
on the energy sector, simplifying the Group's operations and
maximising shareholder value. As outlined in the update, the Group
intends to dispose of DCC Healthcare in 2025. The disposal process
is progressing in line with expectations.
The Group remains active from a development
perspective and has a good pipeline of acquisition opportunities in
the energy sector.
Date for Final Results
DCC expects to announce its results for the
year ending 31 March 2025 on Tuesday 13 May 2025.
Contact information
|
Investor
enquiries:
|
|
|
Kevin Lucey, Chief Financial Officer
|
Tel: +353 1 2799
400
|
|
Rossa White, Head of Group Investor Relations
& Comms
|
Email: investorrelations@dcc.ie
|
|
Media
enquiries:
|
|
|
Sodali & Co (Eavan Gannon/Pete
Lambie)
|
Tel: +44 20 7250
1446
|
|
|
Email:
DCCGroup@sodali.com
|
About DCC plc
DCC is a leading international sales, marketing
and support services group. We provide solutions the world needs
across three transformative sectors: energy, healthcare and
technology; where we acquire, improve and grow diverse businesses.
We bring our growth mindset to our businesses in 21 countries
across four continents, empowering our 16,700 employees to create
long term value - for our shareholders, customers, society and the
planet.
Headquartered in Dublin, DCC plc is listed on
the London Stock Exchange and is a constituent of the FTSE 100. In
our financial year ended 31 March 2024, DCC generated revenues of
£19.9 billion and adjusted operating profit of £682.8 million. DCC
has an excellent record, delivering compound annual growth of 14%
in adjusted operating profit and unbroken dividend growth of 13%
while maintaining high returns on capital employed over 30 years as
a public company.
Follow us on
LinkedIn
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.