DCC PLC, a leading international sales, marketing, and support services group, has released its Interim Management Statement for the third quarter ended 31 December 2023. The group's adjusted operating profit for the quarter was slightly ahead of the prior year, despite a volatile macro environment. DCC Energy saw good operating profit growth, driven by Energy Solutions, while DCC Healthcare and DCC Technology experienced declines, albeit at an improved rate compared to the first half of the year.
The company reiterated its operating profit guidance for the year ending 31 March 2024, expecting another year of growth in line with expectations and continued development activity. DCC has committed approximately £355 million to acquisitions since the prior year's final results, with DCC Energy committing around £45 million to new acquisitions since the Interim Results announcement in November 2023.
The acquisitions include the agreement to acquire the Energy Management division of eEnergy Group plc, as well as complementary bolt-on acquisitions in Austria, Ireland, and the UK. Additionally, DCC announced the agreement to acquire Progas, a leading distributor of LPG in Germany, subject to regulatory approval.
DCC expects to announce its results for the year ending 31 March 2024 on Tuesday 14 May 2024. The company operates in 22 countries across four continents and is listed on the London Stock Exchange as a constituent of the FTSE 100. In the financial year ended 31 March 2023, DCC generated revenues of £22.2 billion and adjusted operating profit of £655.7 million.