REG - DCC PLC - AGM Trading Statement

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RNS Number : 4447Q  DCC PLC  10 July 2025

10 July 2025
AGM Trading Statement

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 at
2.00 p.m. BST today.

First quarter ended 30 June 2025

In the seasonally less significant first quarter of the year, Group operating
profit on a continuing basis was in line with expectations and modestly behind
the prior year. DCC Energy traded in line with expectations and modestly below
the prior year while DCC Technology traded in line with the prior year.

Outlook

DCC continues to expect that the year ending 31 March 2026 will be a year of
good operating profit growth on a continuing basis, strategic progress and
continued development activity.

Donal Murphy, Chief Executive, commented:

"Our simplification strategy is progressing to plan. We have reached agreement
for the sale of DCC Healthcare, made good progress on the integration of our
North American Technology businesses and put our new DCC Leadership Team in
place. Our ambition is to be a global leader in the sales, marketing and
distribution of energy products and services, delivering high growth and high
returns for our shareholders. DCC has a unique energy business, providing
multi-energy solutions for our customers. We will continue to grow our
customer base by being the provider of choice for essential energy products
and by selling more services to our energy customers, driving higher organic
growth rates."

Strategy implementation and development

Following the announcement on 22 April 2025 that DCC had entered into a
definitive agreement to dispose of DCC's Healthcare division, DCC still
expects the transaction to complete in the second quarter of FY26, subject to
the receipt of regulatory approvals.

 

DCC commenced a £100 million share buyback programme on 27 May 2025, which is
progressing in line with expectations and is now more than 33% complete. On 13
May 2025, the Group also committed to returning up to £600 million of surplus
capital to shareholders following the completion of the disposal of DCC
Healthcare.

Leadership changes

As previously announced, Kevin Lucey, who has been the Chief Financial Officer
(CFO) and an executive Director since 2020, will become Chief Operating
Officer (COO) following today's AGM. Conor Murphy will succeed Kevin as CFO
and will be appointed to the Board as an executive Director, again from the
conclusion of our AGM later today.

Date for interim results

DCC expects to announce its interim results for the six months ending 30
September 2025 on Tuesday 11 November 2025.

Contact information
 Investor enquiries:

 Conor Murphy, Chief Financial Officer (Designate)           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
Invested in Energy

DCC is a customer-focused energy business, specialising in the sales,
marketing, and distribution of secure, cleaner and competitive energy
solutions to commercial, industrial, domestic, and transport customers.
Headquartered in Dublin, DCC is listed on the London Stock Exchange and is a
constituent of the FTSE 100. In our financial year ended 31 March 2025, DCC
generated revenues of £18.0 billion and adjusted operating profit
of £617.5 million. DCC has an excellent record, delivering compound annual
growth of 13% in continuing adjusted operating profit and unbroken dividend
growth of 13% while maintaining high returns on capital employed over 31 years
as a public company.

Follow us on LinkedIn (https://www.linkedin.com/company/dcc-plc) .

www.dcc.ie (http://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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