DCC expects healthy return
Ireland-based DCC has revised its full-year financial expectations after strong interim results for the six months to the end of September.
The group, which specialises in marketing and business support for a diverse range of interests including IT, healthcare, and energy, saw group revenue for the period up by 18.1 per cent at €1.8bn, according to an official report released yesterday.
Commenting on the revised figures, DCC chief executive Jim Flavin said: "The board's expectations for the full financial year have improved. The board now believes that DCC will achieve approximately mid-teen operating profit growth in its seasonally more significant second half, driven by expected strong profit growth in DCC Energy, DCC SerCom, DCC Healthcare, and DCC Environmental."
DCC SerCom is the IT arm, which saw revenue growth up by 17.9 per cent to €529.2m in the six months ending 30 September 2006.
The report said DCC Sercom "generated excellent sales volume growth by capitalising on the growing demand for consumer digital products (including Xbox 360) and on improved demand in the Continental European enterprise infrastructure market".
The report also pointed to expanding its business with a new office in China helping to increase its customer base.
Shares in DCC are currently trading at €23.25 on the London Stock Exchange.