DCC (DCC)

Sector:

Support

Index:

FTSE 100

6,974.00p
   
  • Change Today:
    -134.00p
  • 52 Week High: 7,390.00p
  • 52 Week Low: 5,555.00p
  • Currency: UK Pounds
  • Shares Issued: 98.35m
  • Volume: 522,782
  • Market Cap: £6,859m
  • RiskGrade: 102

DCC profit rises as acquisitions offset effects of mild weather

By Sean Farrell

Date: Tuesday 14 May 2019

LONDON (ShareCast) - (Sharecast News) - DCC's annual profit rose as acquisitions helped the sales and support services group overcome mild weather that affected its heating divisions.
Pre-tax profit for the year to the end of March rose 3.3% to £326.7m as revenue from continuing operations increased 16% to £15.2bn. The FTSE 100 company's adjusted operating profit from continuing operations rose 20.1% to £460.5m.

Liquefied petroleum gas, DCC's biggest business, increased operating profit by 20.5% to £201.8m, supported by acquisitions in Germany, Hong Kong and Macau but like-for-like volumes fell as warm weather across Europe reduced demand. Mild weather also contributed to declining volume at the retail and oil division where operating profit rose 17.6% to £133.7m comprising organic growth and gains from acquisitions.

Acquisitions also helped increase profit at DCC's technology and healthcare businesses. Technology operating profit rose 35.1% to £64.7m and healthcare profit was 11.1% higher at £60.3m.

Chief Executive Donal Murphy said: "I am very pleased to report that the year ended 31 March 2019 has been another year of significant progress for DCC. An excellent trading performance, very strong cash generation and continued acquisition activity across the group exemplifies the DCC business model.

"I am particularly pleased that each division recorded very strong growth in operating profit and traded in line with expectations, given the mild weather conditions experienced during the year. We expect that the year to 31 March 2020 will be another year of profit growth and development for the group."

The final dividend increased 13.7% to 93.37p giving an annual payout of 138.35p a share - a 12.5% increase.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DCC Market Data

Currency UK Pounds
Share Price 6,974.00p
Change Today -134.00p
% Change -1.89 %
52 Week High 7,390.00p
52 Week Low 5,555.00p
Volume 522,782
Shares Issued 98.35m
Market Cap £6,859m
RiskGrade 102

DCC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.06% below the market average91.06% below the market average91.06% below the market average91.06% below the market average91.06% below the market average
85.12% below the sector average85.12% below the sector average85.12% below the sector average85.12% below the sector average85.12% below the sector average
Price Trend
16.00% above the market average16.00% above the market average16.00% above the market average16.00% above the market average16.00% above the market average
29.13% above the sector average29.13% above the sector average29.13% above the sector average29.13% above the sector average29.13% above the sector average
Income
61.25% below the market average61.25% below the market average61.25% below the market average61.25% below the market average61.25% below the market average
68.18% below the sector average68.18% below the sector average68.18% below the sector average68.18% below the sector average68.18% below the sector average
Growth
40.76% above the market average40.76% above the market average40.76% above the market average40.76% above the market average40.76% above the market average
54.24% above the sector average54.24% above the sector average54.24% above the sector average54.24% above the sector average54.24% above the sector average

What The Brokers Say

Strong Buy 11
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 12
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

DCC Dividends

  Latest Previous
  Final Interim
Ex-Div 23-May-19 22-Nov-18
Paid 18-Jul-19 12-Dec-18
Amount 93.37p 44.98p

Trades for 20-Sep-2019

Time Volume / Share Price
16:48 171 @ 6,974.00p
16:48 195 @ 6,974.00p
16:48 6 @ 6,974.00p
16:43 996 @ 7,061.15p
16:43 600 @ 7,000.00p

DCC Key Personnel

CFO Fergal O'Dwyer
CEO Donal Murphy

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