Business
Results for the year ended 31 March 2019
Results for the year ended 31 March 2019.
About this update from Dcc Plc
[{"type":"text","content":"\n \nRNS Number : 8892Y DCC PLC 14 May 2019 \n\n \n14 May 2019\n \nDCC Reports Excellent Performance and New Acquisitions\n \nDCC, the leading international sales, marketing and support services group, is today announcing its results for the year ended 31 March 2019.\n \n\n\n\n\nHighlights\n\n\n2019\n\n\n2018\n\n\n% change\n\n\n\n\nRevenue1 - continuing2\n\n\n£15.227bn\n\n\n£13.122bn\n\n\n+16.0%\n\n\n\n\nAdjusted operating profit - continuing2, 3\n\n\n£460.5m\n\n\n£383.4m\n\n\n+20.1%\n\n\n\n\nDCC LPG\n\n\n£201.8m\n\n\n£167.5m\n\n\n+20.5%\n\n\n\n\nDCC Retail & Oil\n\n\n£133.7m\n\n\n£113.8m\n\n\n+17.6%\n\n\n\n\nDCC Technology\n\n\n£64.7m\n\n\n£47.8m\n\n\n+35.1%\n\n\n\n\nDCC Healthcare\n\n\n£60.3m\n\n\n£54.3m\n\n\n+11.1%\n\n\n\n\nAdjusted earnings per share - continuing2, 3\n\n\n358.2p\n\n\n317.5p\n\n\n+12.8%\n\n\n\n\nDividend per share\n\n\n138.35p\n\n\n122.98p\n\n\n+12.5%\n\n\n\n\nFree cash flow4\n\n\n£434.0m\n\n\n£328.1m\n\n\n \n\n\n\n\nReturn on capital employed - continuing2\n\n\n17.0%\n\n\n17.5%\n\n\n \n\n\n\n\n \n \n· Excellent performance for the year, notwithstanding the mild weather conditions, with Group adjusted operating profit on continuing operations increasing by 20.1% to £460.5 million. All divisions of DCC recorded very strong profit growth. \n \n· Adjusted earnings per share on continuing activities up 12.8% to 358.2 pence, reflecting the equity placing completed during the year. \n \n· With approval of this year's final dividend, DCC will have recorded 25 years of unbroken dividend growth since listing in 1994. A proposed 13.7% increase in the final dividend will see the total dividend for the year increase by 12.5%. \n \n· Excellent cash flow performance, with free cash flow conversion of approximately 94% and a return on capital employed of 17.0%. \n \n· Another active period of development for DCC with approximately £370 million of capital committed to acquisitions. Approximately £90 million of new acquisition commitments announced today, including Pacific Coast Energy, DCC LPG's first material follow-on acquis...