DCC PLC
08 July 2004
AGM Trading Statement
8 July 2004
At the Annual General Meeting of DCC plc, the value added sales, marketing and
support services group, to be held in Dublin at 11.00am today, Jim Flavin,
Chief Executive/Deputy Chairman, will make the following trading statement:
'DCC's business is significantly second half weighted, with approximately
two-thirds of operating profit generated in the second half of the year.
Results in the first quarter to 30 June 2004 were ahead of budget and give
confidence at this early stage that DCC is well positioned to meet market
expectations for the year to 31 March 2005.
DCC achieved particularly strong profit growth in the IT Distribution division,
the Healthcare division and the Environmental division. The significant
increase in the price of oil in the first quarter has had a short term impact
on the profits of the Energy division but it is expected that the Energy budget
for the year as a whole will be attained. DCC's Food & Beverage division
achieved modest profit growth and the profits of Other activities (homebuilding
and supply chain management) are well ahead of the prior year.
DCC is aggressively pursuing ambitious organic and acquisition growth. Good
progress has been made in acquisition discussions in all core business areas.
The acquisition by DCC Food & Beverage of Bottle Green Limited, the UK based
wine sales & marketing business, which was announced yesterday, is the first of
a number of acquisitions targeted for the current financial year.'
For reference, please contact:
Jim Flavin, Chief Executive/Deputy Chairman Tel: +353 1 2799 400
Fergal O'Dwyer, Chief Financial Officer Email: investorrelations@dcc.ie
Kieran Conlon, Investor Relations Manager Web: www.dcc.ie
About DCC
DCC is a value added sales, marketing and support services group. In its
financial year to 31 March 2004, DCC had sales of €2.2 billion and generated
operating profits of €121 million. DCC has delivered compound annual growth of
17.3% in adjusted earnings per share over the past 10 years.
DCC's shares are traded on the Irish and London Stock Exchanges. For further
information please visit www.dcc.ie.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.