ukcitymedia news feed

DCC plc profit 'significantly' ahead and in line with expectations

DCC plc profit 'significantly' ahead and in line with expectations

Tue 5 Feb 2019 07:30 by ukcitymedia.co.uk about : trading updates - 0 Comments - 1039 words


DCC plc, the leading international sales, marketing and support services group, is issuing this Interim Management Statement for the third quarter ended 31 December 2018.

 

Third quarter ended 31 December 2018

Group operating profit for the third quarter ended 31 December 2018 was , notwithstanding the milder winter weather conditions.  significantly ahead of the prior year and in line with expectations

DCC LPG recorded strong operating profit growth. The business benefited from the first-time contribution from the prior year acquisitions of Retail West, TEGA and Shell Hong Kong & Macau, which continued to perform in line with expectations. Organically, the business performed well, despite the mild winter weather conditions experienced in the quarter, which impacted heating related volumes in Europe.

 

DCC Retail & Oil delivered strong organic operating profit growth, driven by good performances from the businesses in Britain and Denmark, despite the milder weather, and a robust performance in France where the business was impacted by the regular nationwide protests.

               

Operating profit in DCC Healthcare was well ahead of the prior year. DCC Vital generated strong organic profit growth and continued to strengthen its market position in GP supplies and medical devices in Britain. DCC Health & Beauty Solutions again delivered good organic growth in both nutrition and beauty and benefited from the first-time contribution from Elite One Source, which was acquired in the prior year.  

 

DCC Technology recorded strong operating profit growth, driven by the first-time contribution from acquisitions and a good organic performance in the UK and Ireland. Jam and Stampede, DCC Technology's recent North American acquisitions, have been integrated into the Group and are performing well.

 

Year ending 31 March 2019

Notwithstanding the milder winter weather conditions, DCC expects that operating profit will be significantly ahead of the prior year and will be in line with current market consensus expectations.

 

Development activity

The Group's market leading positions, combined with the recent significant development activity and its strong and liquid balance sheet, provide DCC with the platforms, opportunities and capabilities to build the Group into a global leader in its chosen sectors.

 

Final results

DCC expects to announce its results for the year ending 31 March 2019 on 14 May 2019.

 



These articles are summaries / highlights and dont always include all financial news updates. Check at company website INVESTORS INFORMATION for full published results.


Add a comment


Username:


Email:


Security key:


Message:






More

ukcitymedia news feed

Please take our RSS Feed and news to your Network and message boards. With thanks





 


ukcitymedia moderates but does not authenicate postings. Users are reminded that shares and all trading instruments by nature do not always prove to be good investments. Readers are reminded to do your own research. ukcitymedia.co.uk delivers UK stock market news, latest shares news, uk financial news, rns news articles, latest business news, latest uk financial news, stockmarket investment news, business news round-ups. director dealings bulletins, stock market reports, share trading articles, latest finance news, broker recommendations, uk city news, latest financial information. ukcitymedia.co.uk does not offer financial advice.