DCC delivered 4.1% rise in adjusted operating profit to £682.8m last year

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Strong growth in energy division offset by ‘more difficult trading environment’ across healthcare and technology divisions

Sales, marketing and support services group DCC delivered an increase of 4.1 per cent in adjusted operating profit to £682.8 million last year, its results published on Tuesday show.

The company, which is headquartered in Dublin and listed on the FTSE 100 in London, has businesses in 22 countries across four continents, and employs more than 16,600 people.‘I lost €1,000 in cash on the way to the bank to lodge it. Someone in Dún Laoghaire had a big win that day’Adjusted earnings per share decreased by 0.3 per cent to 455.01 pence. The board is proposing a 5 per cent increase in the final dividend to 133.53 pence per share, which, when added to the interim dividend of 63.

The group’s healthcare division recorded revenues of £859.4 million, which represented an increase of 4.6 per cent. The revenue growth was driven by the acquisition of Medi‐Globe in September. Acquisitions completed in the current and prior year contributed 4.5 per cent of the operating profit growth. The material contribution came from the prior year acquisition of Medi‐Globe and the current year acquisition of Centreco.

Net finance costs increased to £104.8 million from £81.4 million the year before, which primarily reflected increased net financing costs due to the much higher interest rate environment.

 

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