Strategic Progress and Simplification
DCC has made significant progress in simplifying its operations and focusing on its core energy business. The sale of DCC Healthcare and the Info Tech business in the UK and Ireland are complete. A tender offer for GBP 600 million of equity will soon be initiated.
Strong Capital Return to Shareholders
DCC intends to return GBP 800 million from the sale of its Healthcare division to shareholders, with GBP 100 million already completed and a GBP 600 million tender offer to be completed by the end of 2025.
Expansion in Energy Sector
DCC acquired two liquid gas businesses in Europe, strengthening its position in the energy market. The acquisitions extend leadership in the Austrian energy market and enhance the UK liquid gas cylinder proposition.
Dividend Increase
DCC declared a 5% increase in the interim dividend, reflecting confidence in the business as it transitions to a single sector energy focus.