DCC share price: Group posts third-quarter results
DCC (LON:DCC), one of the latest additions to the blue-chip FTSE 100 index, has this morning updated investors on its quarterly performance.
**Highlights from the company statement:**
Third quarter ended 31 December 2015
Group operating profit in the third quarter ended 31 December 2015 was very significantly ahead of the prior year. There was excellent growth in operating profit in each of DCC Energy, DCC Healthcare and DCC Environmental with more difficult trading conditions in DCC Technology.
Operating profit in DCC Energy was very significantly ahead of the prior year, despite the milder winter weather conditions. The two large acquisitions completed earlier in the financial year, Esso Retail France and Butagaz, performed in line with, or modestly ahead of, expectations. Whilst overall heating-related volumes were held back by the mild temperatures, a good margin and cost performance was achieved.
Operating profit in DCC Technology was behind the prior year, as the business continued to be impacted by reduced demand for tablet, smartphone and gaming products.
DCC Healthcare traded well ahead of the prior year, benefiting from a very strong performance from DCC Health & Beauty Solutions and a continued improvement in the sales mix and good cost control in DCC Vital.
Operating profit in DCC Environmental was strongly ahead of the prior year.
Year to 31 March 2016
DCC continues to expect that both operating profit and adjusted earnings per share will be very significantly ahead of the prior year and in line with current market consensus.
As of 07:04 GMT, Thursday, 11 February, DCC PLC ORD EUR0.25 share price is 5,015.00p.