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.

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.

Acquisition of Butagaz - Regulatory clearance
RNS
RNS Number : 8026X
DCC PLC
02 September 2015









2 September 2015





DCC plc



DCC Energy obtains regulatory clearance for the acquisition of Butagaz

DCC plc, the international sales, marketing, distribution and business support services group, announces that DCC Energy has now obtained all the relevant regulatory clearances necessary to complete the acquisition of Butagaz S.A.S. ("Butagaz") and that the necessary Works Councils' consultations have been completed. The agreement to acquire Butagaz is now unconditional in all respects and is expected to complete in November 2015 following the separation of the Butagaz IT infrastructure from Shell's global infrastructure.

Details of the acquisition were set out in DCC's Stock Exchange Announcement on 19 May 2015.





About DCC plc

DCC plc is an international sales, marketing, distribution and business support services group headquartered in Dublin with operations in Britain, Continental Europe and Ireland. DCC has four divisions - DCC Energy, DCC Technology, DCC Healthcare and DCC Environmental. In its financial year ended 31 March 2015, DCC generated revenue of £10.6 billion and operating profit of £222 million and currently employs approximately 10,200 people in 14 countries. DCC's shares are listed on the London Stock Exchange and are included in the FTSE All-Share Index and the FTSE 250 Index under Support Services.

MARKET-REPORT-Lively-international-support-service-group-DCC-strives-promotion.

21 Oct Jefferies... 5,900.00 Buy

DCC completes the acquisition of Butagaz
RNS
RNS Number : 1263E
DCC PLC
02 November 2015







2 November 2015



DCC completes the acquisition of Butagaz





DCC plc, the international sales, marketing, distribution and business support services group, announces that DCC Energy, its largest division, has completed the acquisition of Butagaz S.A.S. The acquisition became unconditional in all respects on 1 September 2015 following the receipt of competition clearance and has been consolidated in the results of the Group from that date.



Details of the acquisition were set out in DCC's Stock Exchange Announcements of 19 May 2015 and 2 September 2015

Shares - DCC gains ahead of update


Dublin-headquartered distribution specialist DCC (DCC) reports half year results next week (10 Nov) with analysts looking for a steer on full year profit currently pitched at £244 million pre-tax.

Shares in DCC have gained 53% year-to-date including dividends after strong operating performance and investor enthusiasm for its €464 million (£338 million) acquisition of French liquefied petroleum gas distributor Butagaz.

Downstream activities in the oil and gas industry, notably in distribution where DCC specialises, have been one of the few bright spots for the energy industry this year because of falling input prices.

As well as its strength in fuel, DCC has niche business lines distributing health and consumer electronics which together represent around one-third of profit.

‘In its seasonally quiet first half, DCC has delivered strong profit growth in energy, healthcare and environmental, partially offset by softness in UK tablet and mobile phone sales,’ writes analyst Justin Jordan at investment bank Jefferies.

‘DCC remains on track for significant 2016 profit growth.’

Interim report, for the period ending 30 Sept 2015

26.1% growth in Group operating profit, driven in particular by the performances of DCC Energy and DCC Healthcare.



· Adjusted earnings per share on a continuing basis up 18.5% to 70.3 pence.



· Interim dividend increased by 15% to 33.04 pence per share.



· Strong cash flow performance with investment in net working capital reducing by 4.6 days.



· Net cash position at 30 September 2015 of £153 million (pro-forma net debt of £170 million adjusting for the consideration for Butagaz).



· Completion of acquisitions of Butagaz (ahead of schedule) and Esso Retail France, with both trading well.



· Further bolt-on acquisitions announced today in DCC Healthcare and DCC Technology.



· Assuming normal winter weather conditions in the balance of the financial year, the Group expects that both operating profit and adjusted earnings per share for the year ending 31 March 2016 will be very significantly ahead of the prior year and modestly ahead of current market consensus expectations.

10 Nov Davy Research 6,800.00 Outperform
10 Nov Panmure Gordon 5,300.00 Buy
10 Nov Peel Hunt 5,707.00 Add

Morrisons-staring-at-FTSE-100-relegation-once-again.


From the above -

Earlier this month, shares in DCC touched a record high after the group reported a 26.1pc jump in its half-year operating profit buoyed by robust performances in its energy and healthcare businesses.

Justin Jordan, of Jefferies, said DCC’s potential entry into the FTSE 100 “broadens its pool of potential investors and boosts profile and credibility in discussions on possible M&A opportunities”.

However, the shake-up is also expected to see security group G4S and British engineer Meggitt face relegation from the FTSE 100.

An official decision will be made on Wednesday and all changes will take effect from the start of trading on Monday, December 21

Pushing towards £60

DCC PLC (DCC:LSE) set a new 52-week high during today's trading session when it reached 6,030. Over this period, the share price is up 71.24%

Company News

Worldpay Group, Provident Financial and DCC to join FTSE 100

Wed, 02 December 2015





Meggitt Quote more



Price: 375.00

Chg: -12.00

Chg %: -3.10%

Date: 17:00



(ShareCast News) - On Wednesday evening FTSE announced the results of its December review, with Worldpay Group, Provident Financial and DCC replacing G4S, Morrisons and Meggitt in the top flight index as of 18 December.
The three constituents which were set to exit the FTSE 100 would fatten the ranks of the second-tier index, alongside Hastings Group Holdings, Assura, Ibstock and Renewables Infrastructure Group.

They were to replace in the FTSE 250 Foxtons Group, Hunting, Kaz Minerals, Petra Diamonds and Premier Oil, which will be demoted to the FTSE SmallCap index, joining new entrants Hostelworld Group and HarbourVest Global Private Equity.

Kenmare Resources, on the other hand, was set to leave the FTSE SmallCap index.

Dcc: Exane BNP Paribas promotes to outperform with 6200p target.
In a note about the support service sector on Friday, the investment bank said DCC is the sector's main beneficiary from falling oil prices.

Interim Management Statement
RNS
RNS Number : 7132O
DCC PLC
11 February 2016





11 February 2016



DCC plc



Interim Management Statement



DCC Reports Very Strong Growth in Third Quarter Operating Profit



DCC plc, the international sales, marketing, distribution and business support services group, is issuing this Interim Management Statement for the third quarter ended 31 December 2015.



Third quarter ended 31 December 2015

Group operating profit in the third quarter ended 31 December 2015 was very significantly ahead of the prior year. There was excellent growth in operating profit in each of DCC Energy, DCC Healthcare and DCC Environmental with more difficult trading conditions in DCC Technology.



Operating profit in DCC Energy was very significantly ahead of the prior year, despite the milder winter weather conditions. The two large acquisitions completed earlier in the financial year, Esso Retail France and Butagaz, performed in line with, or modestly ahead of, expectations. Whilst overall heating-related volumes were held back by the mild temperatures, a good margin and cost performance was achieved.



Operating profit in DCC Technology was behind the prior year, as the business continued to be impacted by reduced demand for tablet, smartphone and gaming products.



DCC Healthcare traded well ahead of the prior year, benefiting from a very strong performance from DCC Health & Beauty Solutions and a continued improvement in the sales mix and good cost control in DCC Vital.



Operating profit in DCC Environmental was strongly ahead of the prior year.



Year to 31 March 2016

DCC continues to expect that both operating profit and adjusted earnings per share will be very significantly ahead of the prior year and in line with current market consensus.



Development Activity

The year to 31 March 2016 has been a milestone year for development in DCC with the completion earlier in the financial year of DCC's two largest acquisitions to date, Butagaz and Esso Retail France. The cash outflow on acquisitions completed in the nine months to 31 December 2015 (which includes the previously committed acquisitions of Butagaz and Esso Retail France), inclusive of a net movement in deferred and contingent acquisition consideration, was £385 million. Total committed acquisition expenditure in the nine months to 31 December 2015 was £39 million.



DCC remains ambitious to continue the growth and development of its business in existing and new geographies and retains a strong, well-funded and liquid balance sheet.



Final Results

DCC expects to announce its results for the year to 31 March 2016 on 17 May 2016.

11 Feb Goodbody N/A Hold
11 Feb Peel Hunt 5,420.00 Add
11 Feb Davy Research N/A Outperform

12 Feb JP Morgan... 6,124.00 Overweight