Last checked at 6 Sep 2023 07:00
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 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.
Follow us on LinkedIn.
www.dcc.ie