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.

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

Acquisition of Danish Assets from Couche-Tard

RNS


RNS Number : 0371T

DCC PLC

23 March 2016








STOCK EXCHANGE ANNOUNCEMENT

23 March 2016



DCC Energy agrees to acquire Danish oil distribution and retail assets from Alimentation Couche-Tard





DCC plc, the international sales, marketing, distribution and business support services group, has reached agreement with Alimentation Couche-Tard Inc. ("Couche-Tard") to acquire a commercial, aviation and retail fuels business in Denmark, substantially formerly owned by Shell. The business comprises the remedy package resulting from the purchase by Couche-Tard of Shell's downstream marketing operations in Denmark, agreed in March 2015. The completion of the acquisition of the remedy package by DCC is conditional, inter alia, on EC competition clearance. The transaction is expected to complete in the second half of calendar 2016, after the relevant clearances have been received.



The acquisition will comprise Shell's commercial and aviation distribution business in Denmark and a 139 site retail petrol station network (comprising 95 manned and 44 unmanned sites) and contracts to supply 66 dealers. DCC will also enter into a long term brand partnership with Shell to operate the network under the Shell brand. The transaction will require a total investment by DCC of approximately DKK300 million (£30 million). The business will be merged with DCC's existing oil distribution business in Denmark and will leverage DCC's newly developed retail operating platform.



The acquired business will have total incremental volumes of approximately 0.9 billion litres and is expected to generate an initial return on invested capital commensurate with DCC's Energy's existing returns.



Tommy Breen, Chief Executive of DCC plc, said today:



"This acquisition will significantly strengthen our business in Denmark, as well as further develop our presence in the retail market for transport fuels, following our previous acquisitions in the European retail petrol station market in Sweden and France."

29 Mar Jefferies... 6,100.00 Buy

27 Apr Morgan Stanley 7,800.00 Overweight

Results


· 35.5% growth in Group operating profit to £300.5 million, driven in particular by the performance of DCC Energy.



· Adjusted earnings per share up 27.2% to 257.1 pence.



· Proposed 15.0% increase in the final dividend.



· Continued very strong cash flow performance and a return on capital employed of 21.0%.



· Completion during the year of the Group's two largest ever acquisitions, Butagaz and Esso Retail France, with both trading well.



· Further acquisition activity in each of DCC Energy, DCC Healthcare and DCC Technology.



· The Group expects that the year ending 31 March 2017 will be another year of profit growth and development.

DCC PLC (DCC:LSE) set a new 52-week high during today's trading session when it reached 6,620. Over this period, the share price is up 29.30%.

Broker Forecast - Goldman Sachs issues a broker note on DCC PLC

BFN

Goldman Sachs today initiates coverage of DCC PLC (LON:DCC) with a neutral investment rating and price target of 6500p.

Story provided by StockMarketWire.com

Interim Management Statement

RNS


RNS Number : 2637E

DCC PLC

15 July 2016








15 July 2016



DCC plc



Interim Management Statement



DCC Reports Strong Growth in First Quarter Operating Profit



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 2016

Overall Group operating profit for the first quarter ended 30 June 2016 was significantly ahead of the prior year and modestly ahead of expectations, driven by the performance of DCC Energy which benefitted from acquisitions completed during the prior year and also from strong organic operating profit growth.



Trading in each of DCC Healthcare, DCC Technology and DCC Environmental was ahead of the prior year and in line with expectations. DCC Technology benefitted from cost saving initiatives implemented in the prior year and the first time contribution from the acquisition of CUC.



Year to 31 March 2017

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 reiterates its belief that the year ending 31 March 2017 will be another year of profit growth and development.



The UK's decision in the recent referendum to leave the EU is not expected to have any material direct impact on DCC's business as the Group has relatively little cross-border trade. Presently almost 50% of the Group's operating profits are generated outside of the UK and so the Group's reported operating profit would benefit modestly from favourable translation should sterling remain at current values, or depreciate further.



As previously announced on 23 March 2016, DCC Energy has agreed to acquire Dansk Fuels, a retail, aviation and commercial fuels business in Denmark, formerly owned by Shell. The proposed acquisition is proceeding in line with expectations and recently received clearance from the EU Commission. The acquisition is expected to complete in the second half of calendar 2016.



DCC remains ambitious to continue the growth and development of its business. DCC's strong equity base, together with a strong and liquid balance sheet, leaves it well placed to continue the growth 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 2016 on Monday 14 November 2016.