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Davy Research

DCC

H1 results reflect further progress in line with the strategy

Nov 14 2023, 07:10 GMT
Colin Grant
Hammad Anwar CFA
Company Report
7 page(s)

Sectors : Business Support Services

Companies : DCC

Ratings and price correct at time of issue.

DCC

Closing Price: 4666p
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 has reported H1 2024 results showing strong growth in EBITA and further growth in adjusted EPS. This has been driven by progress versus its strategy primarily in the Energy division. The group also announced an LPG acquisition in Germany, which builds a much bigger platform in Europe’s largest energy market.

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Nov 14 2023, 07:10 GMT