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UK's DCC Energy H1 revenue rises on strong trading in energy products and mobility business

By Reuters News


Overview

  • UK multi-energy distributor's H1 revenue rose 20.2% yr/yr to £7.3 bln

  • Adjusted operating profit for H1 up 1.1% to £175.2 mln

  • Adjusted EPS rose 25.6%, mainly due to lower share count after buybacks


Outlook

  • DCC Energy expects ongoing strategic progress, growth and continued development activity in the yr ahead

  • Company expects transition to private ownership in Q1 2027, pending completion of acquisition

  • Energy Services faces challenging near-term market conditions; long-term demand drivers remain attractive


Result Drivers

  • ENERGY PRODUCTS AND MOBILITY - Co said strong trading and margin development in Energy Products and Mobility offset lower volumes, helping drive profit growth

  • LOWER VOLUMES - Energy Products and Mobility both saw lower volumes due to factors including warmer weather, pull-forward of demand, and changes to fuel duty regimes

  • CHALLENGING ENERGY SERVICES - Energy Services segment continued to face difficult market conditions, with weak demand and margin pressure in most markets


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

GBP 7.30 bln

H1 Adjusted Operating Profit

GBP 175.22 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the consumer goods conglomerates peer group is "buy"

  • Wall Street's median 12-month price target for DCC Energy PLC is GBp6,546.00, about 1.3% above its November 9 closing price of GBp6,460.00

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Nov 9 - UK's Kainos Group H1 revenue rises 37% on public sector contracts

  • Nov 9 - Dole Q3 revenue meets expectations on North America volumes

  • Nov 10 - Vodacom half-year profit surges 25.7% on Africa-wide growth, Safaricom deal


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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