DCC PLC
31 August 1999
DCC Reclassified by FTSE to Distributors - Other
DCC plc announces that the FTSE Actuaries Industry
Classification Committee has reclassified its shares from
'Diversified Industrials' to 'Distributors - Other' with
effect from the close of business on 17 September 1999.
DCC adds value in the marketing and distribution of its own
and third party branded products and provides supply chain
management services.
The leading brands marketed and distributed by DCC include:-
- in the computer market - Cisco, Compaq, Epson, Hewlett
Packard, Microsoft, Sega, Sharp and Sony;
- in the healthcare market - Bard, Becton Dickenson,
Casa Garden*, DMA*, Healthilife*, Roche Boehringer,
Shoprider, Smiths Industries, Stratec and US Surgical;
- in the energy market - Emo* and Flogas*; and
- in the foods market - Bollinger, Jordans, Kelkin*, KP,
Phileas Fogg, Robinsons, Robt. Roberts* and Torres.
* DCC owned brands
Jim Flavin, Chief Executive & Deputy Chairman, said today:
'This reclassification reflects DCC's focused approach to
value added marketing and distribution which generated 84%
of the Group's operating profits in the year to March
1999. DCC adds value in the marketing and distribution of
its own and third party branded products in the computer,
healthcare, energy and foods markets. DCC has built
strong positions in growth segments of these markets in
Britain and Ireland.
DCC is committed to excellent customer and vendor service
through product trained and focused sales teams, efficient
logistics, the effective use of information technology -
including the planned introduction of innovative
e-commerce initiatives - and the adoption of best practice
throughout the Group. With strong cash flows and modest
gearing DCC has the financial resources to pursue its
growth plans with a particular focus on the computer and
healthcare markets.'
DCC's profit before goodwill and taxation for the year ended
31 March 1999 amounted to EUR 59.2 million on turnover of
EUR 1,059.3 million. Return on capital employed excluding
goodwill was 36.3% and including goodwill was 21.2%. At 31
March 1999 shareholders' funds amounted to EUR 195.2 million
with a net debt ratio of 10.4%. DCC has achieved consistent sales
and earnings growth, with compound growth in earnings per
share of 18.1% per annum since 1992. Its current market
capitalisation is EUR 627 million. The Group employs 2,700
people.
For reference:
Jim Flavin Tel: +353 1 2831011
Chief Executive/Deputy Chairman Email: jflavin@dcc.ie
Michael Scholefield
Investor Relations Manager Email: mscholefield@dcc.ie
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