12th Feb 2015 07:50
LONDON (Alliance News) - FTSE 250-listed support services company DCC PLC on Thursday said its operating profit in the third quarter rose year-on-year, on the back of good performances in its technology, healthcare, environmental and food and beverage units.
DCC said volumes and margins in its DCC Energy business were held back by the milder weather conditions in Europe, in particular in the UK, its largest market.
Operating profit for the DCC Technology business was ahead in the third quarter to the end of December, driven by a strong performance in PC's and servers, an improved performance in France, and the impact of the acquisition of CapTech. Revenue for the division was offset slightly by lower sales of tablets and mobile phones.
DCC Healthcare profit was ahead year-on-year, boosted by strong growth in its health and beauty solutions arm, while operating profit in the smaller Environmental and Food & Beverage arms also was ahead year-on-year.
The group reiterated its full-year expectations on the back of the third quarter results, saying it still expects to generate earnings per share growth of 5-10%.
DCC said it will publish its results for the year to the end of March on May 19.
By Sam Unsted; [email protected]; @SamUAtAlliance
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