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.

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.

14:02 17/08/2016
DCC upgraded by Barclays

Research analysts at Barclays Capital have upgraded their rating on DCC (LON:DCC) to 'overweight' from 'equal weight' in its note on UK Support Services. "With oil majors divesting assets, financing already in place, and a track record for successful integrations, we see DCC having the biggest...

5 Sep JP Morgan... 7,843.00 Overweight

DCC Technology to acquire Hammer
RNS
RNS Number : 5474M
DCC PLC
14 October 2016
 
 
 
 
 
14 October 2016
 
DCC Technology to acquire Hammer, a specialist distributor of server and storage solutions
 
DCC plc, the international sales, marketing, distribution and business support services group, announces that DCC Technology, which trades as Exertis, has agreed to acquire Hammer Consolidated Holdings Limited ("Hammer"), a specialist distributor of server and storage solutions to resellers in the UK and Continental Europe.  The acquisition is conditional, inter alia, on competition clearance from the European Commission and is expected to complete by the end of December 2016.
 
Based in Basingstoke, Hampshire and employing 165 people, Hammer distributes server and storage products for a broad range of leading suppliers including Dell, Intel, NetApp, Seagate and Western Digital. In addition, it provides product design and build solutions tailored to the requirements of customers in specific industries. Hammer sells to value added resellers, cloud service providers and system integrators from sales offices in the UK, France, Germany, Sweden, Holland and Belgium. Hammer's business is complementary to Exertis' existing server and storage business, significantly strengthening Exertis' supplier portfolio and adding almost 1,000 reseller customers.
 
In its financial year ended 31 January 2016, Hammer earned an operating profit of £6.3 million on revenue of £155.0 million. DCC has agreed to acquire 100% of the issued share capital of Hammer based on an initial enterprise value of £38.3 million. The consideration will be paid entirely in cash and is structured as an initial payment at completion, followed by earn out payments over three years based on Hammer's future trading results.
 
 
Tommy Breen, Chief Executive of DCC plc, said today:
 
"The acquisition of Hammer will significantly strengthen the product and service capability offered by Exertis to its reseller customers. In addition, Hammer's expertise will better enable us to take advantage of positive industry trends, including growth in cloud data centers and demand for big data analytics."

11:00 19/10/2016
Broker Forecast - Stifel issues a broker note on DCC PLC
Stifel today initiates coverage of DCC PLC (LON:DCC) with a buy investment rating and price target of 8530p. Story provided by StockMarketWire.com

Results for 6 months ending 30th Sept 16

·     Very strong first half performance with Group operating profit increasing by 33.3% (up 26.5% on a constant currency basis) to £117.8 million, with all divisions recording growth on the prior year.
 
·     Adjusted earnings per share up 31.1% (24.7% ahead on a constant currency basis) to 92.1 pence.
 
·     Interim dividend increased by 12.5% to 37.17 pence per share.
 
·     Continued very strong cash flow performance.
 
·    The Group continues to be very active from a development perspective and, including those acquisitions announced today, has committed £181 million in acquisition spend in the period.
 
·     As separately announced today, DCC Energy has agreed to acquire Gaz Européen, a leading French natural gas retail and marketing business, for an initial enterprise value of €110 million (£96 million). In addition, DCC Healthcare has agreed to acquire Medisource, a pharmaceutical procurement, sales and marketing business in Ireland for an initial enterprise value of €32 million (£27 million). The acquisition of Dansk Fuels in Denmark by DCC Energy, announced on 23 March 2016, was completed ahead of schedule.
 
·     The Group expects that both operating profit and adjusted earnings per share for the year ending 31 March 2017 will be significantly ahead of the prior year and ahead of current market consensus expectations.
 

14 Nov
Canaccord...
7,800.00
Buy

14 Nov
Goodbody
N/A
Hold

14 Nov
Peel Hunt
6,936.00
Hold

15 Nov
JP Morgan...
7,843.00
Overweight

DCC completes the acquisition of Hammer
RNS
RNS Number : 3961S
DCC PLC
20 December 2016
 
                       
                                                                        20 December 2016
 
 
DCC completes the acquisition of Hammer 
 
 
DCC plc, the international sales, marketing, distribution and business support services group, announces that following the receipt of competition clearance from the European Commission, DCC Technology has completed the acquisition of Hammer Consolidated Holdings Limited.
 
Details of the acquisition were set out in DCC's Stock Exchange Announcement on 14 October 2016.
 
 
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 Healthcare, DCC Technology and DCC Environmental. In its last financial year ended 31 March 2016, DCC generated revenue of £10.6 billion and operating profit of £300 million and currently employs approximately 10,500 people in 15 countries. DCC's shares are listed on the London Stock Exchange and are included in the FTSE All-Share Index and the FTSE 100 Index

One of Shares top 10 tips for 2017.

DCC completes the acquisition of Medisource

RNS


RNS Number : 1420V

DCC PLC

26 January 2017










26 January 2017



DCC completes the acquisition of Medisource





DCC plc, the international sales, marketing, distribution and business support services group, announces that, following the receipt of competition clearance from the Competition and Consumer Protection Commission, DCC Healthcare has completed the acquisition of Medisource Ireland Limited.



Details of the acquisition were set out in DCC's Interim Results Announcement of 14 November 2016.





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 Healthcare, DCC Technology and DCC Environmental. In its last financial year ended 31 March 2016, DCC generated revenue of £10.6 billion and operating profit of £300 million and currently employs approximately 10,500 people in 15 countries. DCC's shares are listed on the London Stock Exchange and are included in the FTSE All-Share Index and the FTSE 100 Index

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

BFN

Goldman Sachs today upgrades its investment rating on DCC PLC (LON:DCC) to buy (from neutral) and raised its price target to 7400p (from 7000p).

Story provided by StockMarketWire.com



30 Jan Exane BNP... 6,350.00 Neutral

Interim Management Statement

RNS


RNS Number : 1641W

DCC PLC

07 February 2017








7 February 2017



DCC plc



Interim Management Statement



Strong Growth in Third Quarter Operating Profit and Acquisition of Esso's Retail Network in Norway



DCC plc, the international sales, marketing and business support services group, is issuing this Interim Management Statement for the third quarter ended 31 December 2016.



Third quarter ended 31 December 2016

Group operating profit for the third quarter ended 31 December 2016 was strongly ahead of the prior year and in line with expectations.



DCC Energy recorded strong growth in operating profit, benefitting from very strong organic volume growth in LPG and good organic volume growth in both Retail & Fuelcard and Oil. Heating-related volumes were in line with expectations, with the milder weather conditions in the UK offset by colder conditions elsewhere.



DCC Healthcare traded in line with expectations and the prior year, benefiting from a strong organic performance from DCC Health & Beauty Solutions, although DCC Vital was, as anticipated, impacted somewhat by the trading headwind of the weakness in sterling, particularly in pharma products.



Operating profit in DCC Technology was strongly ahead of the prior year, benefitting from the contribution from the CUC acquisition completed during the prior year and also from a strong performance from the UK and Irish business which saw good organic growth in the quarter.



DCC Environmental again delivered very strong year on year organic growth, in both Britain and Ireland.



Year to 31 March 2017

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



Development Activity

The year to date has been another active development period for DCC. Including the acquisition of Esso Retail Norway1, announced separately this morning, the Group has committed to acquisition expenditure of c. £430 million.



Today's announcement of DCC Energy's acquisition of Esso Retail Norway is another material step for DCC in building its retail petrol station business in Europe. The national network sells c. 600 million litres of fuel annually and is the third largest in Norway with approximately 20%2 of retail volumes. It comprises 142 company-operated sites (127 retail service stations and 15 unmanned stations) and has contracts to supply 108 Esso-branded dealer owned stations. The total consideration will be NOK 2.43 billion (c. £235 million), plus the value of stock in tank at the date of acquisition, all payable in cash on completion. The acquired business, which is substantially asset backed, is expected to generate a return on invested capital employed of approximately 15% in the first full year of ownership.



The transaction is subject to customary regulatory approvals and closing conditions, including competition clearance from the Norwegian Competition Authority, and is expected to complete in the final calendar quarter of 2017.



Since the announcement of DCC's half-year results on 14 November 2016, the Group has completed the previously announced acquisitions of Hammer, Medisource and, more recently Gaz Europeén, which completed on 31 January 2017.



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 2017 on 16 May 2017.

7 Feb Peel Hunt 6,575.00 Add