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Davy Research

DCC

Interim results reflect growth in challenging markets

Nov 8 2022, 07:15 GMT
Colin Grant
Hammad Anwar CFA
Company Report
5 page(s)

Sectors : Business Support Services

Companies : DCC

Ratings and price correct at time of issue.

DCC

Closing Price: 4944p
RATING 30/06/09
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Colin Grant

Analyst

Person's Name

Hammad Anwar CFA

Analyst

DAVY VIEW

DCC’s interim results reflect strong earnings growth in the period. Energy is the standout performer, with underlying margin expansion. This has more than offset the anticipated end market weakness in the Healthcare and Technology divisions. We will be leaving our FY2023 EBITA and EPS forecasts unchanged.

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Nov 8 2022, 07:15 GMT