REG - DCC PLC - AGM Update

DCCAnnouncement

15/07/2022 07:00

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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 Relations  Email: investorrelations@dcc.ie

 Media enquiries:
 Powerscourt (Eavan Gannon/Genevieve Ryan)      Tel: +44 20 7250 1446
                                                Email: DCC@powerscourt-group.com (mailto: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 £17.7
billion and adjusted operating profit of £589.2 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 (https://www.linkedin.com/company/dcc-plc) , Twitter
(https://twitter.com/dccplc?s=20&t=Z_XyTAnFQUI0tdsX3k5nfA) .

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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