# DCC delivers strong growth in Q1 with operating profit in line with expectations

- Link: https://www.directorstalkinterviews.com/dcc-delivers-strong-growth-in-q1-with-operating-profit-in-line-with-expectations/4121072870
- Published: 2022-07-15T07:25:43+01:00
- Author: Amilia Stone

**[DCC plc](https://www.directorstalkinterviews.com/ftse-company/dcc-plc/dcc.l)**(
LON:DCC), the leading international sales, marketing and support services group,
has issued this update in advance of the Company’s AGM to be held in Dublin at 11.00
am today. 

**First quarter ended 30 June 2022**

Following a strong performance for the year ended 31 March 2022, DCC again delivered
strong growth in the seasonally less significant first quarter of the year ending
31 March 2023.  Group operating profit was in line with expectations and well ahead
of the prior year, driven by strong growth in DCC Energy. DCC Healthcare traded 
robustly and in line with expectations. DCC Technology recorded strong growth, benefitting
from the first-time contribution of the acquisition of Almo.  

**Outlook**

DCC continues to expect that the year ending 31 March 2023 will be another year 
of profit growth and development, notwithstanding the challenging macro environment
at present.  

**[Sustainability](https://www.directorstalkinterviews.com/sustainability-green-stocks-news)
and development activity**

DCC released its second annual standalone Sustainability Report on 12 July 2022.
The report highlights how the Group creates sustainable value for its stakeholders
and demonstrates how the Group is progressing against its sustainability objectives.

Aligned with the Group’s view on sustainability, DCC announced its new **_Leading
with Energy_** strategy at its capital markets event on 17 May 2022. DCC Energy’s
strategy is to accelerate the net zero journey of its customers by leading the sales,
marketing, and distribution of low carbon energy solutions. On 30 June 2022, the
Group announced the appointment of Dr. Fabian Ziegler as the new CEO of DCC Energy
and he will commence his role on 1 November 2022.

Since the energy capital markets event, DCC Energy has completed a number of new
bolt-on acquisitions, including the acquisition of Protech in the UK. Consistent
with DCC Energy’s strategy, the acquisition of Protech adds further energy solutions
capability for commercial customers in the UK, including the provision of a range
of renewable heat and power solutions, maintenance and other services.  

DCC has also completed a number of previously announced bolt-on acquisitions, including
a further modest acquisition by DCC Healthcare in Germany and DCC Energy’s biogas
investment in Denmark.

**Date for Interim Results**

DCC expects to announce its interim results for the six months ending 30 September
2022 on Tuesday 8 November 2022.

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