Business
Results for the year ended 31 March 2017
Results for the year ended 31 March 2017.
About this update from Dcc Plc
[{"type":"text","content":"\n \nRNS Number : 1983F DCC PLC 16 May 2017 \n\n \n16 May 2017\n \nDCC Reports a Year of Strong Growth and Development\n \nDCC, the leading international sales, marketing and business support services group, today announced its results for the year ended 31 March 2017.\n \n\n\n\n\nHighlights\n\n\n2017\n\n\n2016\n\n\n% change\n\n\n\n\nDCC Energy volumes (litres)\n\n\n14.649bn\n\n\n13.021bn\n\n\n+12.5%\n\n\n\n\nRevenue - continuing1 (excl. DCC Energy)\n\n\n£3.196bn\n\n\n£2.932bn\n\n\n+9.0%\n\n\n\n\nOperating profit2 - continuing1\n\n\n£345.0m\n\n\n£285.3m\n\n\n+20.9%\n\n\n\n\nTotal operating profit2\n\n\n£363.6m\n\n\n£300.5m\n\n\n+21.0%\n\n\n\n\nAdjusted earnings per share2 - continuing1\n\n\n286.6p\n\n\n242.8p\n\n\n+18.1%\n\n\n\n\nTotal adjusted earnings per share2\n\n\n303.7p\n\n\n257.1p\n\n\n+18.1%\n\n\n\n\nDividend per share\n\n\n111.80p\n\n\n97.22p\n\n\n+15.0%\n\n\n\n\nFree cash flow 3\n\n\n£415.5m\n\n\n£291.1m\n\n\n+42.7%\n\n\n\n\nReturn on capital employed - continuing1\n\n\n20.3%\n\n\n21.9%\n\n\n \n\n\n\n\n \n· All divisions of DCC recorded strong profit growth, with Group operating profit on a continuing basis increasing by 20.9% (12.8% on a constant currency basis) to £345.0 million. \n \n· Adjusted earnings per share on a continuing basis up 18.1% (10.3% on a constant currency basis) to 286.6 pence. \n \n· Proposed 16.3% increase in the final dividend, which, together with the interim dividend increase of 12.5%, will see the total dividend for the year increase by 15.0%, the 23rd consecutive year of dividend growth since DCC listed in 1994.\n \n· Excellent cash flow performance, with free cash flow conversion of 114% and a return on total capital employed of 20.3%. \n \n· Very active period of corporate development, with over £550 million committed to acquisitions, including the agreed acquisition of Esso's retail network in Norway, the agreed acquisition of Shell's LPG business in Hong Kong & Macau, DCC's first material step beyond Europe, and further acquisition activity across DCC Energy...