Gem and Micro P parent sees strong UK results - PC Retail

Gem and Micro P parent sees strong UK results

DCC SerCom results ?driven by excellent results in its distribution businesses in Britain?
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The parent company of UK distributors Gem and Micro P has reported strong sales results for Q2, increasing total revenue by 4.3 per cent to €1.6 billion.

The company’s operating profit grew by 6.4 per cent and its distribution business achieved operating profit growth of 13.6 per cent, a success that it attributes to its British businesses.

“DCC SerCom, DCC's second largest division, performed well, driven by excellent results in its distribution businesses in Britain,” said DCC’s chief executive officer Tommy Breen.

“DCC had an excellent second half, which resulted in the Group's operating profit for the full year increasing by 12.8% on a constant currency basis and profit before exceptional items, amortisation of intangible assets and tax increasing by 20.7%, also on a constant currency basis. This result was achieved against a backdrop of difficult economic and trading conditions and having delivered particularly strong operating profit growth of 22.4% on a constant currency basis in the prior year.”

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