REG - DCC PLC - DCC Energy Insights Day and Five New Acquisitions

DCCAnnouncement

06/09/2023 07:00

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RNS Number : 4844L  DCC PLC  06 September 2023

6 September 2023
 
DCC Energy Insights Day and Five New Acquisitions

DCC plc, the leading international sales, marketing and support services
group, is hosting a DCC Energy Insights Day, including a customer site visit,
near Paris, France today.

The event will be hosted by senior Group, Divisional and business unit
management and will focus on DCC Energy's exciting growth prospects, business
model and differentiated strategy to provide cleaner energy to its customers.
DCC issued an Interim Management Statement for the first quarter ended 30 June
2023 on 13 July 2023 and no new financial information or trading update will
be provided today. The presentation slides and transcript will be available at
www.dcc.ie (http://www.dcc.ie/) following the event.

DCC Energy Acquisition Activity

Since the Group's full year results announcement in May 2023, DCC Energy has
committed approximately £160 million to five new acquisitions which support
its strategy to build a leading energy management business and further expand
its offering in the distribution of lower-carbon products:

· Centreco, a market-leading Solar PV and energy consultancy business in the
UK, which services commercial and industrial customers nationally;

· Isolatiespecialist, a leading provider of energy efficiency and insulation
services to domestic and commercial customers in the Netherlands;

· Solcellekraft, one of Norway's largest Solar PV businesses, servicing
commercial and domestic customers;

· SLER40, a French Solar PV and heat pump business servicing domestic and
commercial customers with design, installation, and maintenance services; and

· San Isabel Services Propane, a US propane distributor which services both
domestic and commercial customers in Colorado.

The acquisitions are expected to deliver a mid-teen return on capital employed
in their first full year of ownership.

Donal Murphy, Chief Executive of DCC plc, said today:

"We look forward to meeting with investors and analysts later today in Paris.
It's an exciting time for DCC Energy as we showcase our energy strategy and
provide detailed insight into the progress we are making. As set out in May
2023, DCC Energy plans to double its adjusted operating profit by 2030  and
our strategy will significantly reduce our customers' carbon emissions. We are
also announcing five new acquisitions today as we execute this strategy and
accelerate the growth of our energy management services.

The world's need for cleaner energy presents a huge opportunity for DCC Energy
and we are making it happen."

 
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)                     Tel: +44 20 7250 1446
                                                Email: DCC@powerscourt-group.com

 

 

About DCC plc

DCC plc 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 22
countries across four continents, empowering our 16,000 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 2023, DCC
generated revenues of £22.2 billion and adjusted operating profit of £655.7
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 29 years as a public company.

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