# DCC group operating profit in line with expectations

- Link: https://www.directorstalkinterviews.com/dcc-group-operating-profit-in-line-with-expectations/4121123790
- Published: 2023-07-13T07:54:41+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 at 2.00 p.m. BST
today.

**First quarter ended 30 June 2023**

**Group operating profit in line with expectations**

In the seasonally less significant first quarter of the year, Group operating profit
was in line with expectations and modestly ahead of the prior year. DCC Energy recorded
strong growth, driven by the performance of the Energy Solutions business. Due to
the continuing difficult market conditions, as expected, operating profit was behind
the prior year in both DCC Technology and DCC Healthcare. In DCC Healthcare the 
operating profit decline was driven by customer de-stocking in DCC Health & Beauty
Solutions. DCC Vital recorded good growth. The Group remains active from an acquisition
perspective, with a good pipeline of development opportunities.

**Outlook**

Notwithstanding the uncertain economic environment, DCC continues to expect that
the year ending 31 March 2024 will be another year of operating profit growth and
continued development activity.   

**Chief Executive update**

Following DCC’s announcement of 9 May 2023, Donal Murphy, Chief Executive, made 
a full return to work during the first half of June.

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

DCC recently published its third standalone Annual Sustainability Report which highlights
the significant progress the Group has made over the last year. The report is available
on our website at www.dcc.ie.

**Date for Interim Results**

DCC expects to announce its interim results for the six months ending 30 September
2023 on Tuesday 14 November 2023.

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