DCC delivers 'robust' Q3 trading performance
By Iain Gilbert
Date: Wednesday 05 Feb 2025
(Sharecast News) - Sales and marketing firm DCC said on Wednesday that it had delivered a "robust" Q3 performance, with adjusted operating profits broadly in line with the prior year.
DCC said its energy unit "traded robustly" and delivered good operating profit growth. Despite the impact of warmer weather conditions, Energy Solutions delivered good growth driven by its performance in Continental Europe.
The FTSE 100-listed firm also said its mobility business performed well and delivered strong growth, with DCC Healthcare performing in line with expectations.
Operating profit declined in DCC Technology, driven by a weak market for consumer technology products in the UK and Europe over the holiday season.
Looking forward, notwithstanding the headwind of currency translation, DCC continues to expect that the year ending 31 March will be "a year of good operating profit growth and significant strategic progress".
As of 0845 GMT, DCC shares were down 2.64% at 5,350.00p.
Reporting by Iain Gilbert at Sharecast.com
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