Company Profile

DCC is a distribution and support services company. Its strategy going forward is to focus on the unique growth opportunities in its core Energy division. This supplies liquid gas and oil to Commercial & Industrial customers as well as for domestic heating and provides energy services, including the provision of solar power. It also owns and operates service stations. It is currently looking at selling the remainder of its Technology division. The group's objective is to build a high growth and high returns business with strong cash generation and an investment grade credit rating. DCC consistently generates a ROCE that is far ahead of its weighted average cost of capital. Management has an excellent track record in delivering earnings growth through economic cycles. The stock has been one of the best performing earnings compounders in the UK market over the long term.