LONDON, UK: DCC plc, the leading international sales, marketing and support services group, is holding a DCC Energy Insights Day near Paris, France today to showcase its strategy to provide cleaner energy to its customers and its exciting growth prospects.
The event will be hosted by senior Group, Divisional and business unit management and will include a customer site visit. DCC Energy’s business model and differentiated strategy will be discussed in detail, as well as its plans to double its adjusted operating profit by 2030 and significantly reduce its customers’ carbon emissions. No new financial information or trading update will be provided today. The presentation slides and transcript will be available at [www.dcc.ie] after the event.
DCC plc also announced today that it has committed approximately £160 million to five new acquisitions in the energy sector since May 2023. These acquisitions support DCC Energy’s strategy to build a leading energy management business and further expand its offering in the distribution of lower-carbon products. The acquisitions are expected to deliver a mid-teen return on capital employed in their first full year of ownership.
The acquired businesses are:
· Centreco, a market-leading Solar PV and energy consultancy business in the UK, which services commercial and industrial customers nationally;
· Isolatiespecialist, a leading provider of energy efficiency and insulation services to domestic and commercial customers in the Netherlands;
· Solcellekraft, one of Norway’s largest Solar PV businesses, servicing commercial and domestic customers;
· SLER40, a French Solar PV and heat pump business servicing domestic and commercial customers with design, installation, and maintenance services; and
· San Isabel Services Propane, a US propane distributor which services both domestic and commercial customers in Colorado.
Donal Murphy, Chief Executive of DCC plc, said today: “We look forward to meeting with investors and analysts later today in Paris. It’s an exciting time for DCC Energy as we showcase our energy strategy and provide detailed insight into the progress we are making. As set out in May 2023, DCC Energy plans to double its adjusted operating profit by 2030 and our strategy will significantly reduce our customers’ carbon emissions. We are also announcing five new acquisitions today as we execute this strategy and accelerate the growth of our energy management services.
The world’s need for cleaner energy presents a huge opportunity for DCC Energy and we are making it happen.”