Business
Results for the six months ended 30 September 2020
Results for the six months ended 30 September 2020.
About this update from Dcc Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 7463E\n DCC PLC\n 10 November 2020\n \n \n \n \n \n \n \n \n 10 November 2020\n \n \n DCC Delivers Very Robust First Half Performance with\n \n \n Strong Growth in Operating Profit \n \n \n \n \n \n DCC, the leading international sales, marketing and support services group, is today announcing its results for the six months ended 30 September 2020.\n \n \n \n \n \n \n \n \n \n Highlights\n \n \n \n \n 2020\n \n \n \n \n 2019\n \n \n \n \n % change\n \n \n \n \n \n \n Revenue\n \n \n \n \n £5.931bn\n \n \n \n \n £7.312bn\n \n \n \n \n -18.9%\n \n \n \n \n \n \n \n Adjusted operating profit1\n \n \n \n \n \n £176.1m\n \n \n \n \n £162.6m\n \n \n \n \n +8.3%\n \n \n \n \n \n \n DCC LPG\n \n \n \n \n £45.6m\n \n \n \n \n £49.0m\n \n \n \n \n -7.1%\n \n \n \n \n \n \n DCC Retail & Oil\n \n \n \n \n £65.2m\n \n \n \n \n £59.7m\n \n \n \n \n +9.2%\n \n \n \n \n \n \n DCC Technology\n \n \n \n \n £25.5m\n \n \n \n \n £25.4m\n \n \n \n \n +0.7%\n \n \n \n \n \n \n DCC Healthcare2\n \n \n \n \n £39.8m\n \n \n \n \n £28.5m\n \n \n \n \n +39.7%\n \n \n \n \n \n \n Adjusted earnings per share1\n \n \n \n \n 117.9p\n \n \n \n \n 110.2p\n \n \n \n \n +7.0%\n \n \n \n \n \n \n Interim dividend\n \n \n \n \n 51.95p\n \n \n \n \n 49.48p\n \n \n \n \n +5.0%\n \n \n \n \n \n \n Free cash flow3\n \n \n \n \n £120.7m\n \n \n \n \n £30.4m\n \n \n \n \n \n \n \n \n \n \n \n \n ·\n DCC performed strongly during the seasonally less significant first half of the year, with Group adjusted operating profit increasing by 8.3% (up 8.6% on a constant currency basis) to £176.1 million. Given the difficult and uncertain trading environment, in particular during the first quarter but throughout the first half of the financial year, the performance of the Group has been very robust with improving momentum through the second quarter \n \n \n \n \n \n · \n Adjusted earnings per share up 7.0% to 117.9 pence \n \n \n \n \n \n · \n Interim dividend increased by 5.0% to 51.95 pence per share \n \n \n \n \n \n · \n Excellent free cash flow generation, up £90.3 million on prior year, driven by a strong working capital performance \n \n \n \n \n \n · \n Notwithstanding the ongoing disruption caused by the pandemic, the Group committed approximately £90 million in cap...