The Channel logo

News

By | Kelly Fiveash 14th November 2006 13:26

DCC expects healthy return

Great expectations...

Ireland-based DCC has revised its full-year financial expectations after strong interim results for the six months to the end of September.

The group, which specialises in marketing and business support for a diverse range of interests including IT, healthcare, and energy, saw group revenue for the period up by 18.1 per cent at €1.8bn, according to an official report released yesterday.

Commenting on the revised figures, DCC chief executive Jim Flavin said: "The board's expectations for the full financial year have improved. The board now believes that DCC will achieve approximately mid-teen operating profit growth in its seasonally more significant second half, driven by expected strong profit growth in DCC Energy, DCC SerCom, DCC Healthcare, and DCC Environmental."

DCC SerCom is the IT arm, which saw revenue growth up by 17.9 per cent to €529.2m in the six months ending 30 September 2006.

The report said DCC Sercom "generated excellent sales volume growth by capitalising on the growing demand for consumer digital products (including Xbox 360) and on improved demand in the Continental European enterprise infrastructure market".

The report also pointed to expanding its business with a new office in China helping to increase its customer base.

Shares in DCC are currently trading at €23.25 on the London Stock Exchange.

alert Send corrections

Opinion

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust