Business support services company DCC said today that its group adjusted operating profit for the three months to the end of December was broadly in line with the previous year.
In a trading update for its fiscal third quarter, DCC said that despite the headwind of currency translation, it continues to expect that the year ending March 2025 will be a year of good operating profit growth and significant strategic progress.
In today's trading update, the company said that DCC Energy traded robustly and delivered good operating profit growth in the third quarter.
Despite the impact of warmer weather conditions, it said its DCC Energy Solutions delivered good growth driven by the performance of Continental Europe.
Its Mobility business also performed well and delivered strong growth, while DCC Healthcare performed in line with expectations and prior year.
But operating profit declined in DCC Technology, driven by a weak market for consumer technology products in the UK and Europe over the Christmas season.
DCC announced in November that it intended to dispose of DCC Healthcare this year and said today that the disposal process is progressing in line with expectations.
"The group remains active from a development perspective and has a good pipeline of acquisition opportunities in the energy sector," it added.
