AGM Statement

DCC PLC 5 July 2002 AGM Statement 5 July 2002 Addressing shareholders at the Annual General Meeting of DCC plc, the business support services group, which was held today in Dublin, Jim Flavin, Chief Executive/Deputy Chairman, made the following statement: 'DCC's largest business, DCC Energy, is budgeting for continued strong growth in profitability in the current financial year. The winter is the most significant trading period for the energy business and accordingly the profit contribution from acquisitions made in the last financial year will be heavily weighted towards the second half of the financial year. DCC's IT distribution business has consistently out-performed the IT market, increasing its profits by an average of 39% per annum in the five years to 31 March 2002. The severe downturn in the IT market began to impact on operating profit growth from September 2001. However in recent months the business has been experiencing a return to more stable trading patterns and resumed profit growth is expected in the second half which will result in good growth in IT distribution in the financial year overall. In healthcare, DCC's hospital supplies business and nutraceuticals business are trading in line with expectations. As noted in the Preliminary Results announcement in May, the mobility and rehab business has been severely impacted by the disruption of powered scooter supplies. The impact of this in the current year will be greater than had been expected. DCC's food business is budgeting for continued good profit growth. Historically a greater proportion of DCC's profits have been earned in the second half. Arising from the increased scale of the Group's energy operations, it is anticipated that the second half weighting of DCC's profits will be more pronounced in the current financial year. The Board expects that profits in the first half of the financial year will be broadly in line with the prior year. The Board believes that DCC is well positioned to achieve strong growth in the more significant second half of the financial year, which would result in good growth for the full financial year. DCC is actively pursuing a number of acquisition and development opportunities within its business sectors. DCC's strong financial position in these more uncertain times leaves it well placed to capitalise on these at an opportune phase in the business cycle.' About DCC DCC is a business support services group focused on sales, marketing and distribution in the energy, IT, healthcare and food markets, operating principally in Britain and Ireland. In its latest financial year to 31 March 2002, DCC had sales of more than EUR 2 billion and generated operating profits in excess of EUR 100 million. DCC's shares are traded on the Irish and London Stock Exchanges. For further information please visit www.dcc.ie. This information is provided by RNS The company news service from the London Stock Exchange

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