Operating profit up 38 per cent to £69.4 million

Exertis Micro-P parent enjoys ‘strong smartphone growth’

The parent firm for tech distributors Exertis Micro-P, Exertis Gem and Exertis MSE is enjoying a "growing position in the mobile handset market". 

DCC plc saw profit rise 38 per cent to £69.4 million during the six months ending September 30th, 2013, while its DCC SerCom division (which owns the Exertis distributors) saw revenue rise 29.1 per cent to £959.2 million and operating profit increase 10.9 per cent to £14.1 million.

"Excellent organic profit growth was achieved in the UK where DCC SerCom is the market leader
in the rapidly growing tablet market," read a statement. "This market leadership position has been achieved through partnering with many of the leading technology brands and its ongoing focus on providing an
extensive range of market development services.

"The business also generated very strong growth in mobile handsets and accessories, with further market share gains, and has successfully broadened its supplier portfolio. DCC SerCom also achieved strong growth in sales of IT products into the SMB channel and benefitted from a more favourable software release
schedule in the home entertainment product sector.

"DCC SerCom’s businesses have recently been rebranded under a new name, Exertis, in order 
to reflect its ambition to develop a broadly based European business, delivering a best-in-class
service offering to suppliers and customers, with an integrated suite of supply chain services."

DCC forecasts 15 per cent operating profit growth and 13 per cent earnings per share growth in the year to March 31st, 2014.

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