Nov 12 2019
Business Support Services
Recent Research
DCC, Q1 IMS: steady as she goes
Jul 12 2019
DCC, FY 2019: Diversity delivers
May 14 2019
DCC, Opportunity knocks!
May 9 2019
DCC, Q3 2019 IMS – ‘Defensive growth’
Feb 5 2019
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DCC
H1 20 results, new US Health and Beauty acquisition
DCC has reported another strong set of results, delivering both underlying organic growth and a c.8% contribution from M&A. The key highlight is the acquisition of Ion Laboratories in...
DCC
Q1 IMS: steady as she goes
DCC has delivered good operating profit growth through the first quarter. We expect to make no changes to our underlying assumptions for the group, which highlights the resilience of...
DCC
FY 2019: Diversity delivers
DCC Group has exited its 25th year of trading with double-digit growth across all four divisions and strategically important transactions in DCC LPG, DCC Technology and DCC Retail & Oil...
DCC
Opportunity knocks!
We think consistency of strategy and execution has been the key driver of DCC’s performance for the last two-and-a-half decades as a listed plc. In this report, we argue that DCC...
Applegreen
Thoughts post results and conference call
Applegreen has delivered another year of 20% EBITDA growth and despite UK macro headwinds, estimates currently look well underpinned for 2019 and 2020. The company also has €50m...
DCC
Q3 2019 IMS – ‘Defensive growth’
DCC has delivered a positive trading update for its third quarter, with each of the four divisions performing well and management comfortable with FY 2019 consensus expectations. With a...
Year-end Document
Ireland’s call: investment opportunities in 2019
The 21% decline in the Irish equity market in 2018 was at odds with on-going strength in the economy. With economic growth expected to exceed 5% in 2019 (subject to an on-going fudge...
