Business
Results for the year ended 31 March 2016
Results for the year ended 31 March 2016.
About this update from Dcc Plc
[{"type":"text","content":"\n \nRNS Number : 4009Y DCC PLC 17 May 2016 \n\n17 May 2016\n \nResults for the year ended 31 March 2016\n \nDCC, the international sales, marketing, distribution and business support services group, today announced its results for the year ended 31 March 2016.\n \n\n\n\n\nHighlights\n\n\n2016\n\n\n20151\n\n\n% change\n\n\n\n\nDCC Energy volumes (litres)\n\n\n12.770b\n\n\n10.754b\n\n\n+18.7%\n\n\n\n\nRevenue (excl. DCC Energy)\n\n\n£3.086b\n\n\n£2.982b\n\n\n+3.5%\n\n\n\n\nOperating profit2\n\n\n£300.5m\n\n\n£221.7m\n\n\n+35.5%\n\n\n\n\nAdjusted earnings per share2\n\n\n257.1p\n\n\n202.2p\n\n\n+27.2%\n\n\n\n\nDividend per share\n\n\n97.22p\n\n\n84.54p\n\n\n+15.0%\n\n\n\n\nFree cash flow 3\n\n\n£291.1m\n\n\n£314.5m\n\n\n \n\n\n\n\nReturn on capital employed\n\n\n21.0%\n\n\n18.9%\n\n\n \n\n\n\n\n \n· 35.5% growth in Group operating profit to £300.5 million, driven in particular by the performance of DCC Energy. \n \n· Adjusted earnings per share up 27.2% to 257.1 pence. \n \n· Proposed 15.0% increase in the final dividend.\n \n· Continued very strong cash flow performance and a return on capital employed of 21.0%. \n \n· Completion during the year of the Group's two largest ever acquisitions, Butagaz and Esso Retail France, with both trading well. \n \n· Further acquisition activity in each of DCC Energy, DCC Healthcare and DCC Technology. \n \n· The Group expects that the year ending 31 March 2017 will be another year of profit growth and development. \n \n \n1 Income Statement items represent continuing operations (i.e. excluding DCC Food & Beverage which was disposed of)\n2 Excluding net exceptionals and amortisation of intangible assets\n3 After net capital expenditure and before net exceptionals, interest and tax payments\n \n \nCommenting on the results, Tommy Breen, Chief Executive, said:\n \n\"I am very pleased to report that the year ended 31 March 2016 was a record year of performance and development for DCC. Group operating profit of £300....