DCC lowers profit forecast as mild temperatures hit energy division

Monday 17 February 2014 07.51
DCC owns a network of petrol stations as part of its energy division
DCC owns a network of petrol stations as part of its energy division

DCC has lowered its profit forecast for the year after mild temperatures in December and January hit trading at its energy division.

In an interim statement the company, which operates in a range of sectors, said it now anticipated its operating profit to be 7-10% higher; compared to a previous forecast of a 13-15% increase.

DCC’s financial year runs to the end of March.

Aside from its energy division, DCC said it had seen strong growth in the IT and healthcare sectors.

It said it had committed £85 million to acquisitions in the financial year to date, the majority of which has been put forward since September 2013.