Certa and Flogas owner DCC plc has said it began to deliver on its new strategy in the third quarter of its financial year, focusing on the energy sector and simplifying group operations to maximise shareholder value.

In a trading update, the London-listed group said adjusted operating profit for the three months to the end of December was broadly in line with prior year and modestly ahead of the prior year on a constant currency basis.

DCC Energy traded robustly and delivered good operating profit growth, and DCC said that the company has a good pipeline of acquisitions in the energy sector.

Within DCC Energy, the Energy Solutions division delivered good growth driven by its performance in continental Europe despite the impact of warmer weather conditions, and the Mobility business also performed well, delivering strong growth.

DCC is in the process of disposing of its DCC Healthcare business, a transaction that is progressing in line with expectations of completion in 2025. Otherwise DCC Healthcare performed in line with expectations and the prior year.

Operating profit declined in DCC Technology, driven by a weak market for consumer technology products in the UK and Europe over the festive period.

In its financial year that ended in March, DCC generated revenues of £19.9bn and adjusted operating profit of £62.8m.

The group has delivered compound annual growth of 14% in adjusted operating profit and unbroken dividend growth of 13% over the past 30 years.

Photo: Donal Murphy, CEO of DCC plc. (Pic: File)