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5 Feb 2025 07:00
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.
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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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