DCC’s Full-Year Adjusted EPS May Be Behind Last Year

DCC Plc (DCC), an Irish distribution company, said full-year operating profit and adjusted earnings per share may be “modestly” down on last year as trading at its energy unit in the first quarter was “well behind.”

The outlook “continues to be framed against a difficult economic environment, particularly in the U.K.,” the Dublin- based company said today in a statement on the Regulatory News Service. DCC said warmer weather in April and May meant the company’s target of achieving about 15 percent of operating profit in the first quarter wasn’t reached.

Second-half results will be affected by the first quarter, the company said. The health-care, beverage and environmental units traded in line with or modestly ahead of first-quarter forecasts, it said.

DCC fell 0.2 percent to 19.45 euros in Dublin trading yesterday and has risen 5.9 percent during the past 12 months.

To contact the reporter on this story: Finbarr Flynn in Dublin at fflynn3@bloomberg.net;

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net

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