BUZZ-DCC rises after strong Q3 earnings, annual profit growth forecast

Reuters
02/04
BUZZ-DCC rises after strong Q3 earnings, annual profit growth forecast

** Sales, marketing and support services provider DCC DCC.L up 7.3% at 4,976p

** Stock among top gainers on the FTSE 100 index .FTSE and on track for its biggest one-day percentage rise since November 2024

** Co says Q3 adj. operating profit, on a continuing basis, grew strongly vs. a year ago, helped by first-time contribution from the acquisition of FLAGA in Austria and strong earnings from its core energy unit

** Expects "good" operating profit growth for the year ending March 31, 2026

** Q3 trading update should be seen as reassuring, with noted strong EBITA growth supported by strength in the core Energy division - Jefferies

** Of 14 analysts covering the stock, 10 rate it "buy" or higher, four "hold"; their median PT is 5,692.50p - LSEG data

** DCC stock fell ~9% over the past year compared with benchmark FTSE 100's 20% gain

(Reporting by Neeshita Beura in Bengaluru)

((Neeshita.Beura@thomsonreuters.com))

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