REG - DCC PLC - Q3 Trading Statement

DCCAnnouncement

05/02/2025 07:00

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RNS Number : 9079V  DCC PLC  05 February 2025

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 (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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