DCC's shares rose modestly by 2.9% following the FY '26 results, reflecting an investor response that was cautiously positive but not fully buoyed by the company’s performance amid ongoing transformation and regulatory constraints on outlook commentary.
- Adjusted operating profit increased 3.6% to £634 million, with adjusted EPS up 9.9% to 438.1p.
- Free cash flow conversion was strong at 108%, and return on capital employed remained healthy at 16.8% (18.8% for energy segment).
- Significant capital returned to shareholders totaling £700 million in the year, with an additional £100 million planned by FY '28.
- Continued strategic focus on energy with sales of Healthcare and Technology divisions completed or underway, simplifying the group and reducing complexity.
- Dividend increased by 5% to 216.72p, marking the 32nd consecutive year of dividend growth despite limited forward guidance due to takeover-related restrictions.
Community Discussion