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DCC's energy arm prevents profits from flagging

Distributor maintains full-year guidance despite slowdown in healthcare and tech arms
November 14, 2023
  • Company spent £311mn on first-half acquisitions
  • Net debt increased to £1.39bn

An 11 per cent drop in revenue might be of concern at many companies but for a fuel distributor such as DCC (DCC), sales are inextricably linked to commodity prices, which were much higher at the start of its last financial year just after Russia’s invasion of Ukraine.

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