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DCC Q1 operating profits 'modestly behind' prior year
(Sharecast News) - Sales, marketing and support services firm DCC said on Thursday that operating profits in the three months ended June were "modestly behind" the same period a year earlier in the "seasonally less significant first quarter". DCC said its DCC Energy division had traded in line with expectations and was "modestly below" the prior year, while DCC Technology traded in line with the prior year.
Looking ahead, DCC expects FY26 to be "a year of good operating profit growth" on a continuing basis, strategic progress and continued development activity.
Chief executive Donal Murphy said: "Our simplification strategy is progressing to plan. We have reached [an] agreement for the sale of DCC Healthcare, made good progress on the integration of our North American Technology businesses and put our new DCC Leadership Team in place.
"We will continue to grow our customer base by being the provider of choice for essential energy products and by selling more services to our energy customers, driving higher organic growth rates."
As of 0840 BST, DCC shares were down 0.21% at 4,756.0p.
Reporting by Iain Gilbert at Sharecast.com
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