DCC PLC, a leading international sales, marketing, and support services group, is hosting a DCC Energy Insights Day near Paris, France. The event will focus on DCC Energy's growth prospects, business model, and strategy to provide cleaner energy to customers. The company will not provide any new financial information or trading update during the event. The presentation slides and transcript will be available on the company's website following the event.
DCC Energy has committed approximately £160 million to five new acquisitions since the Group's full-year results announcement in May 2023. These acquisitions support DCC Energy's strategy to build a leading energy management business and expand its offering in the distribution of lower-carbon products. The acquisitions include Centreco, a UK-based solar PV and energy consultancy business; Isolatiespecialist, a provider of energy efficiency and insulation services in the Netherlands; Solcellekraft, one of Norway's largest solar PV businesses; SLER40, a French solar PV and heat pump business; and San Isabel Services Propane, a US propane distributor in Colorado. The acquisitions are expected to deliver a mid-teen return on capital employed in their first full year of ownership.
Donal Murphy, Chief Executive of DCC PLC, expressed excitement about showcasing the company's energy strategy and providing insight into its progress. He stated that DCC Energy plans to double its adjusted operating profit by 2030 and significantly reduce customers' carbon emissions. The five new acquisitions announced align with this strategy and will accelerate the growth of DCC Energy's energy management services.
DCC PLC is a leading international sales, marketing, and support services group operating in the energy, healthcare, and technology sectors. The company is headquartered in Dublin and is listed on the London Stock Exchange. In the financial year ended March 2023, DCC generated revenues of £22.2 billion and adjusted operating profit of £655.7 million. The company has a strong track record of delivering growth and generating a high return on capital employed.