May 13 2025
Business Support Services
Recent Research
DCC, Disposal of DCC Healthcare
Apr 22 2025
DCC, Leadership changes
Apr 9 2025
DCC, Fiscal Q3 trading statement
Feb 5 2025
Meet your Business Support Services Research team
DCC
FY2025 results reflect the strength of Energy and £800m of shareholder returns
Energy was the standout performer in DCC’s FY2025 results, with good organic growth supported by acquisitions. Demand weakness impacted DCC Technology, as expected. DCC has...
DCC
Disposal of DCC Healthcare
DCC has announced the disposal of its Healthcare division for an EV of £1,050m, which is around 12x EV/EBITA. Significant shareholder returns are now expected. This simplifies the...
DCC
Leadership changes
DCC has announced changes to its leadership team. There will be a new CFO, the company has created a new role of COO and there is a change in management of the Energy division.
DCC
Fiscal Q3 trading statement
DCC’s Q3 trading statement to December 31st reflects a robust operating performance. DCC Energy had good growth, while DCC Technology saw some soft consumer demand. We are leaving...
DCC
Transformational strategic plan announced to maximise shareholder value
DCC has announced a major new value maximisation strategy. It will focus on the opportunities in its Energy division, has commenced a process to sell DCC Healthcare and will review its...
DCC
Trading statement reflects strategic progress and positive capital management
DCC has released a trading statement for its fiscal Q1 to June 30th ahead of its AGM later today. The operating performance and outlook are in line with our expectations. It made a...
DCC
Growth in ROCE and strength in the Energy division set to drive outperformance
DCC’s share price broke out of a multi-year downtrend following its interim results in late 2023. This was driven by an improved outlook on return on capital employed (ROCE) and the...
DCC
FY2024 results reflect growth and strategic momentum
DCC grew its EBITA by 4% in FY2024 with strong organic growth and strategic momentum in the Energy division. Organic growth returned to the Healthcare division in H2 and self-help...
DCC
Strong value creation ahead
At its recent Energy Insights Day, DCC provided significant new details on how it plans to grow earnings through the energy transition while lowering its carbon intensity. We do a deep...
DCC
Energy Insights Day provides a clear vision through the energy transition
At DCC’s Insights Day on its Energy division yesterday (September 6th) in Paris, the group reconfirmed its ambition to double EBITA by FY2030. It provided a clear roadmap on its vision...
