DCC - Excellent FY results; double-digit long-term growth ambition

Davy Research
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DCC will today outline the largest evolution in its energy growth strategy in its 28 years as a plc. Management will also give its perspective on DCC’s long-term growth ambitions (double-digit earnings CAGR to 2030 and beyond), capital allocation priorities and the future potential shape of both DCC Energy and the group. On results, DCC had another excellent year, delivering 15% operating profit growth. There is currently a very material disconnect between DCC’s valuation, its long-term track record and, as we shall hear today at 13.00, its long-term prospects.