DCC plc Reports £19.9 Billion in Revenue for FY2024

DCC plc posts adjusted operating profit of £682.8 million, a 41% increase, despite a 10.6% revenue decrease to £22.2 billion. The company expects strong operating profit growth and continued development in the year ending 31 March 2025.

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DCC plc Reports £19.9 Billion in Revenue for FY2024

DCC plc Reports £19.9 Billion in Revenue for FY2024

DCC plc, a Dublin-based FTSE 100 company, has announced its financial results for the year ended 31 March 2024. The company posts, adjusted, operating, profit of £682.8 million in a live audio webcast and conference call.

The revenue figure represents a 10.6% decrease from the previous year's revenue of £22.2 billion, primarily due to reduced wholesale cost of energy for DCC Energy. Profit after tax came in at £340.5 million, compared to £346.8 million in 2023. Profit before tax was £423.7 million, a 1.8% decrease from £431.6 million in the previous year.

Why this matters: The financial performance of a FTSE 100 company like DCC plc has a ripple effect on the entire stock market and economy, influencing investor confidence and decision-making. As a major player in the energy and healthcare sectors, DCC plc's results can also impact the broader business landscape and inform policy decisions.

Attributable profit for the year was £326.3 million, compared to £334.0 million last year. Adjusted earnings per share stood at 455.0p, down slightly from 456.3p per share in the day, ahead.

Commenting on the results, Donal Murphy, Chief Executive of DCC plc, said, "We are pleased to announce that we delivered a year of growth, development and strategic progress - in our 30th year as a public company. The very strong growth delivered by DCC Energy was the highlight of the year, and it is also encouraging that DCC Healthcare returned to organic growth in the second half of the year..."

Looking ahead, DCC plc expects the year ending 31 March 2025 to be a year of strong operating profit growth and continued development activity. The company's diverse portfolio and strategic positioning have enabled it to navigate challenges and deliver a resilient performance.

DCC plc operates across three divisions - DCC Energy, DCC Healthcare, and DCC Technology - providing products and services used by millions of people worldwide. With a proven track record of growth and value creation, the company remains well-positioned to capitalize on opportunities in its chosen markets next, week, stock, market, May.

Key Takeaways

  • DCC plc posts adjusted operating profit of £682.8 million for FY2024.
  • Revenue decreases 10.6% to £22.2 billion due to reduced energy costs.
  • Profit after tax is £340.5 million, down from £346.8 million in 2023.
  • Adjusted earnings per share stand at 455.0p, down from 456.3p in 2023.
  • DCC plc expects strong operating profit growth in FY2025.