DCC delivers 'strong growth' in 'less significant' Q1

Sales, marketing, and support services group DCC said on Friday that it delivered "strong growth" in the "seasonally less significant" first quarter of its new trading year.

DCC stated group operating profit was in line with expectations and well ahead of the prior year, driven by strong growth in DCC Energy.

The FTSE 100-listed firm added that its DCC Healthcare unit traded "robustly and in line with expectations", while its DCC Technology wing also recorded strong growth, benefitting from its recent acquisition of Almo.

Looking ahead, DCC said it continues to expect that the year ending 31 March 2023 will be "another year of profit growth and development", notwithstanding the current "challenging" macro environment.

Reporting by Iain Gilbert at Sharecast.com