Annual financial statement
Page 1
Press Release 18 May 2021 DCC Reports Very Strong Performance , Returns and Development DCC , the leading international sales , marketing and support services group , is today announcing its results for the year ended 31 March 2021 . Revenue Adjusted operating profit¹ DCC LPG DCC Retail & Oil DCC Healthcare DCC Technology Adjusted earnings per share¹ Dividend per share Free cash flow² Return on capital employed³ ● ● ● 2021 £ 13.412bn £ 530.2m £ 231.3m £ 144.8m £ 81.7m £ 72.4m DCC 159.80p £ 687.8m 17.1 % 2020 £ 14.755bn £ 494.3m £ 228.2m £ 140.3m £ 60.5m £ 65.3m 2.6p 145.27p £ 492.3m 16.5 % % change -9.1 % + 7.3 % + 1.3 % + 3.3 % + 35.0 % + 11.0 % + 6.6 % + 10.0 % Strong growth in Group adjusted operating profit , up 7.3 % ( 6.6 % on a constant currency basis ) to £ 530.2 million , ahead of market expectations . Approximately half of the constant currency growth was organic . All divisions of DCC recorded growth in operating profit , despite the challenging trading environment . A very strong working capital performance resulted in excellent free cash flow of £ 687.8 million and free cash flow conversion of 130 % . Return on capital employed , the Group's key metric , increased to 17.1 % . A proposed 12.6 % increase in the final dividend will see the total dividend for the year increase by 10.0 % , DCC's 27th consecutive year of dividend growth . DCC remains very active from a development perspective . The Group committed approximately £ 375 million to acquisitions in the period , including further bolt - on acquisitions announced today of £ 55 million . Each division was acquisitive during the year , including the significant expansion of DCC LPG's business in the US with the acquisition of UPG and the initial entry by DCC Healthcare into the German and Swiss primary care markets through the acquisition of Wörner . DCC is committed to sustainability and leading by example in energy transition . The Group recently adopted a Net Zero 2050 ( or sooner ) target for its Group scope 1 and scope 2 emissions with an interim target of a 20 % reduction by 20254 . ¹ Excluding net exceptionals and amortisation of intangible assets ² After net working capital and net capital expenditure and before net exceptionals , interest and tax payments 3 Excluding the impact of IFRS 16 Leases . Current year ROCE including the impact of IFRS 16 Leases is 15.7 % 4 The base year for the interim target is 2019