REG - DCC PLC - Interim Management Statement

DCCAnnouncement

08/02/2023 07:00

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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 £330 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 Relations  Email: investorrelations@dcc.ie (mailto: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 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 £17.7
billion and operating profit of £589.2 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 (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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