DCC is an international sales, marketing and support services group that specialises in energy, healthcare and technology. DCC is our Company of the Month September 2023, in association with KPMG.
Headquartered in Dublin, DCC is listed on the London Stock Exchange and is a constituent of the FTSE 100. With over 10,000 employees across the globe, the group generated revenues of over 22 billion euro in the financial year ending March 2023. This represented an increase of over 25% year-on-year. The company said it expects to show further profits in the following year.
DCC operates service stations and electric vehicle fast-charging networks. It also distributes medical and electronic products. The company said it made 19 acquisitions during the year. One of those was in May when DCC acquired solar and renewable energy business, Alternative Energy Ireland, to help its customers reduce carbon emissions and lower energy costs. Other acquisitions include DCC Healthcare’s acquisition of Medi-Globe and DCC Energy’s acquisition of PVO.
CEO Donal Murphy commented on the growth and acquisition: “DCC delivered strong growth in a volatile macro environment, demonstrating the resilience of our diverse business and the commitment of our teams throughout the group,” the company’s chief executive Donal Murphy said in today’s results statement.”
“In line with our capital allocation priorities, we committed £360m to new acquisitions during the period, bringing our spend in the last three years to £1.3 billion. This has increased our scale and geographic reach in the healthcare and technology sectors.”
“We also accelerated DCC Energy’s services and renewable offering through 10 acquisitions since we launched our “Leading with Energy” strategy a year ago, complementing our organic initiatives to bring cleaner energy to our customers,” he continued.
Company of the Month
The Company of the Month Award, in association with KPMG, recognises outstanding Irish companies. It especially acknowledges those who have made significant contributions to the business community of Ireland.
Recipients of the award are automatically put forward as candidates for the prestigious Company of the Year Award at the annual Business & Finance Awards.
There is a last call for submissions, click here to nominate.
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Business & Finance, Company of the Month
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COTM August 2023: Glen Dimplex
COTM July 2023: FD Technologies