|
DCC PLC on Wednesday forecast good operating profit growth in its current financial year, driven by ‘significant strategic progress and ongoing development activity.’ The Dublin-based provider of sales, marketing and distribution services to the energy sector said adjusted operating profit, on a continuing basis, grew strongly in the quarter to December, compared with the prior year. DCC said it delivered good organic growth and benefited from the first-time contribution from the acquisition of Flaga in Austria, which completed in late November. DCC Energy delivered strong operating profit growth in the third quarter with its largest business, Solutions, driven by a strong performance in Energy Products. This was offset somewhat by challenging trading conditions for Energy Services in the UK. Weather, which primarily impacts heating activities within Energy Products, was broadly in line with the prior year across the regions in which we operate. Mobility continued to perform well, generating excellent organic profit growth during the period. DCC Technology’s operating profit was in line with the prior year on a continuing basis. After a ‘difficult’ first half the business in North America returned to growth during the period, the firm said. As a result, DCC continues to expect the financial year ending March will be a ‘year of good operating profit growth on a continuing basis, significant strategic progress and ongoing development activity.’ In the financial year to March 2025, DCC reported adjusted operating profit of £703.6 million. Shares in DCC rose 6.3% to 4,930.00 pence each in London on Wednesday morning. DCC expects to announce results for the financial year ending March 31 on May 19. Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
