DCC delivers strong growth in first half of year
DCC achieved growth across all divisions, despite global volatility in commodity pricing, supply chains and inflation
9 November 2021 | 0
Diversified Irish energy and services group DCC delivered strong growth during the first six month of this year, the company said, with operating profit rising 11% and revenue up almost 27% year on year to £7.52 billion.
According to an article in the Irish Times, the company’s adjusted earnings per share were also up, gaining almost 14% compared to the first six months of the previous year.
There was growth across all DCC’s divisions, despite global volatility in commodity pricing, supply chains and inflation.
DCC chief executive Donal Murphy said: “I am pleased to report a strong performance in the seasonally less significant first half, which builds on the growth recorded during the first half of the prior year,” said. “Each of our four divisions has delivered good growth, underlining the resilience of our business model and our ability to adapt to the very volatile macro environment.
“Sustainability is core to how we do business, and we continue to make good progress across each of our four sustainability pillars, including within energy transition,” he added. “During the period we have developed a number of new partnerships with energy suppliers, bringing innovative and lower-carbon solutions to our customers. DCC is well positioned to lead our customers through their energy transition.”
DCC said it expected the year ending 31 March 2022 would be another year of strong operating profit growth and continued development activity.
“With the strength of our market positions and an active acquisition pipeline, DCC has the capability and financial strength to continue the growth and development of the group across the energy, healthcare and technology sectors,” Murphy said.