Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Outlook for the Year to 31 March 2012 Whilst it is still early in the Group's important final quarter to 31 March 2012, temperatures have so far remained seasonally mild. The absence of any sustained cold weather this winter along with the difficult economic background and high oil prices are likely to continue to impact adversely both volumes and margins for energy products in the quarter. As a result DCC now estimates that the operating profit of DCC Energy for the year to 31 March 2012 will be in the range of €75 million to €90 million. The Group's view on the full year outlook for DCC SerCom, DCC Healthcare, DCC Environmental and DCC Food & Beverage remains overall in line with market consensus estimates. On a reported basis and assuming an average exchange rate for the year of Stg£0.865 = €1 (compared to Stg£0.880 = €1 at the time of the previous guidance on 8 November 2011), DCC now expects Group operating profit for the year to 31 March 2012 to be in the range of €175 million to €190 million (compared to the Group's previous guidance of approximately €212 million) and reported adjusted earnings per share to be in the range of 155 cent to 170 cent (compared to the previous guidance of approximately 188 cent).
Weak Demand in DCC Energy Reduces Full Year Outlook DCC plc, the sales, marketing, distribution and business support services group listed on both the Irish and London stock exchanges, is issuing this Interim Management Statement in accordance with the reporting requirements of the Transparency Regulations 2007. Third Quarter ended 31 December 2011 The third quarter of its financial year is an important trading period for the DCC Group and in particular for its two largest divisions, DCC Energy and DCC SerCom. Weak demand for the Group's energy products resulted in Group operating profit for the quarter being further behind the prior year than had been anticipated. Weather conditions in Northern Europe in the quarter were exceptionally mild in contrast to the very cold weather in the same period in the prior year. Continuing the trend of exceptionally mild weather experienced since January 2011, the average monthly temperature in the UK (DCC Energy's largest market) for the quarter to 31 December 2011 was the warmest on record (while the same period in the prior year was the coldest on record). This prolonged period of exceptionally mild weather together with the continuing difficult economic conditions and high oil prices (on average the price of Brent crude was 27% higher than in the same quarter in the prior year) resulted in overall volumes in DCC Energy being 12% behind the prior year on a like for like basis. Heating related volumes were approximately 22% behind. The substantially weaker demand in a very competitive market negatively impacted gross margins and these factors, together with the effect of a predominantly fixed operating cost base, had a significant impact on DCC Energy's profits in the quarter. Revenues and profits in DCC SerCom, DCC's second largest division, were strongly ahead of the prior year, reflecting acquisitions completed in the prior year and strong organic growth, notwithstanding a weak home entertainment market in the UK. Overall trading in the balance of the Group - DCC Healthcare, DCC Environmental and DCC Food & Beverage - in the quarter was, as expected, in line with the prior year.
http://www.investegate.co.uk/Article.aspx?id=201201160700235989V
Outlook uncertain for DCC despite strong second half By Benjamin Chiou Date: Tuesday 10 May 2011 LONDON (ShareCast) - Despite profits at DCC jumping by 15% during the year ended 31 March, shares edged lower on Tuesday after its boss Tommy Breen warned that current-year bottom-line growth will be limited the by warmer weather and a uncertain economic environment. The sales, marketing, distribution and business support services group said that pre-tax profit increased from €164.9m to €189.6m last year, helped by a strong second half, and “excellent” third quarter, which was driven by the exceptionally cold weather condition across northern Europe, benefiting DCC Energy. DCC Energy – its oil distribution business – is the company’s largest division and accounts for over half of group revenue. The cold winter helped DCC Energy increase operating profit by 17.2% (at a constant currency), however, milder weather in the fourth quarter – relative to the same period the year before – was said to have affected trading at the division. What’s more, the warmer weather has continued into the first month of the current year, warned chief executive Breen: “In April, DCC Energy has been impacted by what has been the mildest April on record, with temperatures significantly warmer than last year and this along with the impact of the number of public holidays in the UK has resulted in group trading being well behind the prior year.” As a result, current-year operating profit and earnings per share (EPS) are expected to be in line with the prior year. “The outlook for the year to 31 March 2012 is framed against an uncertain economic environment, particularly in the UK,” said Breen. Nevertheless, the Dublin-based group reported a 29% increase in revenue to €8.68bn, from €6.72bn previously. EPS rose from 158.76 cents to 174.48 cents. The board has recommended a 10% increase in the final dividend to 48.07 cents per share, boosting the total dividend to 74.18 cents per share, from 67.44 cents previously.
http://www.investegate.co.uk/Article.aspx?id=201105100700182500G
This company does not drill for oil. They buy it in and sell it on but they've got there fingers in loads of pies, not just oil sales. This will not make you a fortune overnight but is a good steady share on the rise paddy.
seems very quiet here !! is this an oil company ?have i got the right dcc ! ?
Hi there I have a number of shares in this company but I am unsure how i go about selling them ?
Strange buy/sells on here!!!!!!!..any ideas anyone
Dcc dropped through the floor due to the flahavan - fyffes fiasco and seem to only have just started to recover. Quite a big fish that seem to be buying up a fair few aquisitions on the way. A good company to buy into mid term.
Mid-long a small point.