Operating profit rose 13 per cent despite ongoing macroeconomic challenges
The period under review saw a number of acquisitions, including the completion of the Medi-Globe deal by DCC Healthcare, its largest acquisition to date and one that significantly expands DCC Vital’s presence in medical devices. Other acquisitions include DCC Energy’s purchase of solar panel distributor PVO, renewable and heating solution provider Protech, and air source heat pump distributor Freedom Heat Pumps.
“DCC reported strong growth in the seasonally less significant first half of our financial year. The group continued to perform well in a volatile and challenging environment, reflecting our resilient business model and strong market positions,” said chief executive Donal Murphy. “We made good progress in delivering our priorities for the allocation of capital. During the period we committed approximately £300 million to acquisitions in the healthcare and energy services and renewables sectors. The acquisitions in the period are consistent with our aim to build a material position in the European healthcare sector and ensuring we are leading the decarbonisation of our energy customers.
Looking ahead, DCC expects that the full year, which ends March 31st 2023, will be another year of profit growth.
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