A FTSE 100 Company


DCC is a broadly based group, operating across five focused divisions: Energy, Technology, Healthcare, Environmental and Food & Beverage.

DCC currently employs approximately 10,000 people and is listed under Support Services on the London Stock Exchange.

DCC's objective is to continue building a growing, sustainable and cash generative business which consistently provides returns on total capital employed significantly ahead of its cost of capital.


DCC Energy is the leading oil and liquefied petroleum gas (LPG) sales, marketing and distribution business in Europe. In oil, DCC Energy is the market leader in Britain and Sweden and one of the leading oil distribution businesses in Austria, Denmark and Ireland. In LPG, DCC Energy is market leader in Norway and Sweden, joint leader in the Netherlands and is a strong number two player in both Britain and Ireland.

DCC Technology is a leading sales, marketing, distribution and supply chain business providing a broad range of consumer and SME focussed products and services in Europe.


DCC Healthcare is focussed on the sales, marketing and distribution of pharmaceuticals and medical devices in the British and Irish markets and the provision of outsourced product development, manufacturing, packing and other services to Health and Beauty brand owners, principally in the areas of nutrition and beauty products.


DCC Environmental is a leading British and Irish provider of recycling, waste management and resource recovery services to the industrial, commercial, construction and public sectors, operating in both the non-hazardous and hazardous segments of the market. This year DCC Environmental handled approximately 1.4 million tonnes of waste through its twenty one facilities in Britain and Ireland.


DCC Food & Beverage is principally focussed on the sales, marketing and distribution of food and beverage products in Ireland.

Found some history skinny -


1976 - 90

Founded by Jim Flavin as a venture and development capital company, with clear focus on return on capital employed and operating profit. Generated a compound annual return on investment of 23% over this period.


1990 - 94

Transition to diversified group focused on 5 sectors
– Energy, IT, Healthcare, Environmental and Food.


1994

Listed on the Irish and London Stock Exchange.


2014
Listed under Support Services on the London Stock Exchange.
Constituent of the FTSE All-Share Index and the FTSE 250 Index.
Market cap. of c £3.0 billion.
Employs approximately 10,000 people.
Operating in 13 countries.

The steep climb on your chart skinny - I take to be some sort of change in listing of the shares as the rns is blank.

Thanks DC.

DCC PLC (DCC:LSE) set a new 52-week high during today's trading session when it reached 3,914. Over this period, the share price is up 25.65%.

DCC PLC (DCC:LSE) set a new 52-week high during today's trading session when it reached 4,035. Over this period, the share price is up 26.56%.
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6 Mar Berenberg 4,780.00 Buy

20 Apr Panmure Gordon 4,550.00 Buy
20 Apr Barclays... 4,480.00 Equal weight

Results

DCC to acquire Butagaz for 464m
StockMarketWire.com
DCC Energy has made a binding offer to acquire Butagaz, a leading liquefied petroleum gas business in France, from Shell for 464m.

Shell has granted DCC exclusivity while it consults with its French Works Councils as required by French law.

The transaction would represent the largest ever acquisition by DCC and a major step forward in the continuing expansion of its LPG business.

The French LPG market is the second largest in Western Europe and approximately twice the size of the market in Britain.

The acquisition of Butagaz would provide DCC Energy with a substantial presence in the French LPG market, an experienced management team and a high quality sales, marketing and operating infrastructure.

DCC says Butagaz has a market share of 25% and the 'Butagaz' brand is the leading LPG brand in France. Butagaz is market leader in the LPG cylinder and small bulk market segments and sells directly or indirectly to over four million customers.

DCC chief executive Tommy Breen said: "The acquisition of Butagaz represents a major step forward in DCC's ambition to build a very significant presence in the global LPG market. As the leading LPG brand in France with a strong heritage and reputation for customer service, Butagaz is an excellent strategic fit for DCC Energy's existing LPG business. "We very much look forward to welcoming the Butagaz management and employees into the DCC Group. DCC and Butagaz share similar ambitions and together we are excited by the opportunity to grow and develop the Butagaz business and brand."

DCC intends to conduct a placing of up to 4,200,000 new ordinary shares, representing up to 5% of the existing issued share capital.

The net proceeds of the placing are proposed to be used to part fund the acquisition, with the balance settled from existing cash resources.





At 8:28am: (LON:DCC) DCC PLC share price was +546p at 4916p

19 May Panmure Gordon 4,550.00 Buy
19 May Goodbody N/A Buy
19 May Davy Research N/A Outperform

3 Reasons Why DCC PLC’s Rally Is Set To Last Into 2020 And Beyond



By Alessandro Pasetti - Tuesday, 19 May, 2015 | More on: DCC


Vertical integration of services across most industries means that DCC‘s (LSE: DCC) rally is likely to last well into 2020 and beyond, in my view. On top of that, a raft of available downstream assets owned by oil majors could be had on the cheap, contributing to a stellar performance for the shareholders of one of the FTSE 250 darlings.

Reaction/Price Target

DCC is up over 10% today on the back of strong annual results, propelled by a wise use of funds. A price target of 7,000p a share to the end of 2017 is conceivable, I’d argue — for an implied 45% pre-tax return, excluding dividends.

If DCC’s flawless strategy persists, a 2017 forward valuation as low as 10x its net earnings could become a distinct possibility. That would imply an astonishing 2012-2017 compound annual growth rate (CAGR) of 20.6% for earnings, which could come along a 12% CAGR for dividends over the period, according to my calculations.

Here are three reasons why upside could be greater than that, though.

1. Growth

A Dublin-based support services firm with a market cap of £3.7bn and a very solid balance sheet (its enterprise value is £3.7bn), DCC is one of the most appealing business services propositions in the marketplace.

It operates five units, all of which are growing fast and present defensive features. With combined revenues of more than £10bn, its energy and technology divisions dwarf the healthcare, food and beverage and environmental units, whose combined sales amount to less than 7% of the group’s total.

While DCC continues to grow organically and by acquiring assets, its stock offers plenty of value at 4,800p, where it currently trades, based on a few factors including steady margins and sound strategy, rising free cash flow and dividends, sustainable leverage metrics and efficient use of capital.

A top-down approach also suggests that GCC is well positioned to grow across several sub-sectors and industries where demand will outpace supply for a few years from now, in my view. The industrial world is a good example.

2. Deals

That said, its shares could offer greater long-term value should DCC entertain a soft break-up at some point — the separation of some of its assets — even under a remote scenario according to which its equity valuation struggles to keep up with its fast pace of growth.

That’s a good option to have if demand for its services subsidies.

The majority of its sales are generated in the UK, which testifies to the huge potential offered by DDC, which is exploiting its strong equity valuation to do deals.




“The acquisition of Butagaz would represent the largest ever acquisition by DCC and a major step forward in the continuing expansion of its LPG business,” DCC said today when the deal was announced, noting that the French LPG market is the second largest in Western Europe, and approximately twice the size of the market in Britain. DCC aims to expand and as it grows it could become more profitable. It’s bulking up its core energy unit (77% of revenues), paying €464m for the acquisition of Butagaz from Shell, which will continue to concentrate its downstream footprint on a smaller number of assets.

“Underlying EBITDA and EBIT multiples of 3.8 and 6.2, respectively” was the implied valuation of Butagaz, which testifies to the opportunity offered to buyers in this market.

3. Valuation

The divided is rising and is projected to yield 2% in 2016 — there’s a lot to like in DCC’s rising free cash flow yield and in its dividend policy, which is clearly sustainable and could surprise in future, base on DCC’s cash flow profile.

The shares trade on net earnings and adjusted operating cash flow multiples of 21x and 12x, respectively, for 2016. Taking into account favourable conditions for support services businesses at this point of the business cycle, as well as considering the way the group is managed, there’s no reason to worry about a stock performance that already reads +65% over the last couple of years.

“We believe there will continue to be opportunities and maybe some of them bigger over the next few years, coming out of the oil majors,” chief executive Tommy Breen said today.

Panmure has lifted target by £8 since yesterday



20 May Investec 5,000.00 Hold
20 May Panmure Gordon 5,300.00 Buy
19 May Panmure Gordon 4,550.00 Buy

21 May JP Morgan... 5,590.00 Overweight

26 May Berenberg 5,850.00 Buy

DCC: Jefferies raises target to 5,900p from 4,500p and keeps at buy.

5 Jun Davy Research 6,500.00 Outperform
5 Jun Jefferies... 5,900.00 Buy

DCC completes French unmanned network acquisition
RNS
RNS Number : 0484R
DCC PLC
24 June 2015









24 June 2015



DCC Energy completes the acquisition of Esso SAF's unmanned and motorway retail petrol station network in France





DCC plc, the international sales, marketing, distribution and business support services group, announces that, following the receipt of relevant clearances and the implementation of an IT and operational infrastructure, it has completed, on schedule, the acquisition of the assets that comprise the Esso Express unmanned retail petrol station network and the Esso Motorway concessions in France.



Details of the acquisition were set out in DCC's Stock Exchange Announcement on 28 August 2014.

Interim Management Statement
RNS
RNS Number : 3127T
DCC PLC
17 July 2015









17 July 2015



DCC plc



Interim Management Statement



DCC Reiterates Guidance of Very Significant Growth



DCC plc, the international sales, marketing, distribution and business support services group, is issuing this Interim Management Statement in advance of the Company's AGM to be held in Dublin at 11.00 am today.



First Quarter ended 30 June 2015
Overall Group operating profit for the first quarter ended 30 June 2015 was in line with budget, with strong growth across DCC Energy, DCC Healthcare and DCC Environmental being somewhat offset by a weaker performance from DCC Technology.



DCC Energy traded ahead of budget and well ahead of the prior year, benefitting in particular from a strong performance from its LPG activities. A significant milestone was achieved during the first quarter when, as announced on 24 June 2015, DCC Energy completed the acquisition of the assets that comprise the Esso Express unmanned retail petrol station network and the Esso Motorway concessions in France. The acquisition, which completed to schedule, followed the design, build and implementation of an IT and operational infrastructure to enable the carve-out of the Esso assets from the Exxon global platform and, importantly, provides DCC Energy with a scalable platform for further growth, particularly in the unmanned retail sector. The business has traded in line with expectations in the short period since completion.



Trading in DCC Technology was behind budget and the prior year. As anticipated, the business in the UK continues to be impacted by the weak tablet market and by reduced sales of mobile computing and smartphone products of one large supplier. The UK business was also impacted by weaker demand and increased competition across a number of product sectors.



Operating profit in DCC Healthcare grew strongly and in line with expectations, benefitting from a strong performance in DCC Vital.



DCC Environmental traded in line with budget and well ahead of last year.



Year to 31 March 2016

DCC's profits are significantly weighted towards the second half of its financial year. At what is still a very early stage in the financial year, the Group continues to anticipate that operating profit and adjusted earnings per share, on a continuing basis, will be very significantly ahead of the prior year.



This guidance for the year to 31 March 2016 is based on the important assumptions that the acquisition of Butagaz, announced on 19 May 2015, will complete in the final calendar quarter of 2015 and that there will be normal winter weather conditions.



DCC remains ambitious to continue the growth and development of its business. The recent successful equity placing further enhances DCC's strong equity base and together with a strong and liquid balance sheet leaves it well placed to continue the development of its business in existing and new geographies.



Date for Interim Results

DCC expects to announce its interim results for the six months to 30 September 2015 on Tuesday 10 November 2015.

Dividend Thurs 23 July 55.81p

Shares - We rate DCC as one of the prime picks on the UK market. Irish broker Davy notes that DCC has delivered the highest total shareholder return in the FTSE 350 market over the past two decades and has been in the top 5% over the last seven.