DCC Technology division, which trades as distributor Exertis has reported a strong operating profit growth last year of 16.3% (15.5% ccy) on sales up 14.5%. It says UK and Ireland delivered very strong organic performance, particularly in audio-visual, components and gaming.
In the process of consolidating its warehousing, it reports that in the UK, the new national distribution centre is now operational and a number of the existing locations have transferred into the new infrastructure. The remaining existing locations will transition during the coming year and the majority of the legacy locations have now been sold successfully.
In France, the B2B business again delivered good growth, it says, but the French consumer products business remained very challenging and a programme to significantly reduce costs while improving its logistics and operational efficiency is being implemented. The French B2B segment “performed strongly” benefiting from expansion of its audio-visual offering and strong organic growth in the core cabling business.
The Nordics business again delivered strong growth in IT and audio-visual products and benefited in particular from continued investment in building out its presence in Norway, it says. Acquired businesses Hammer and MTR have “performed strongly” since acquisition and broadened service and product capability.