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SerCom Parent Company Reports Strong Full Year Results to 31 March, 2009
May 2009
SerCom Solution’s parent company, DCC plc, has reported excellent results for the year ended 31 March, 2009.
Operating profit of €180.4m was 7.9% up on prior year. Return on Capital Employed increased to 17.8%, while record cash generation lead to free cash flow of €218.5m. The dividend for the year has been increased by 10%.
DCC’s financial position remains very strong. At 31/3/2009, DCC had net debt of €90.7m and total equity of €726.2m. At a time of increased focus on funding and liquidity, DCC has very modest gearing of 12.5% and a net debt to EBITDA of 0.4 times.
DCC’s diversified business model, strong financial position and excellent cash generation leaves the Group in a strong position to benefit from acquisition and development opportunities that are likely to arise in the current environment.
For the full Preliminary Results Statement, log on to: