Exertis parent DCC Group has given an update on how efforts to offload the business – formally DCC Technology – are progressing as it unveiled preliminary full-year results.
DCC Group in November announced it had begun preparations for the sale of its healthcare arm, and would review strategic options for DCC Technology “within the next 24 months”.
In an interview with IT Channel Oxygen at the time, Exertis IT CEO Tim Griffin characterised the distributor’s potential sale as “incredibly exciting”, asserting that a new owner could refuel M&A and growth.
This morning, DCC Group CEO Donal Murphy reiterated plans to fully focus on its energy business, which generates three-quarters of the LSE-listed giant’s profits.
Having last month agreed a deal to sell off DCC Healthcare for £1.05bn, DCC today echoed past statements by confirming it will review strategic options for DCC Technology “over the next 18 months”.
New North American leadership has been established, with an operational programme in the region also now in place.
Streamlining of DCC Technology’s Info Tech division is also “underway”, with DCC Technology selling its small, loss-making Exertis France consumer product business and Exertis Iberia last month (to French B2B distributor We.Connect).
DCC Technology returns to revenue growth – just
DCC Technology saw total revenues inch up 0.3% to £4.6bn in the 12 months to 31 March 2025 (following a 9% slump in fiscal 2024).
Its operating profits fell 14.2% to £82m amid “continued soft demand for consumer technology”, however.
DCC Technology’s UK top line has now shrunk for four consecutive years, namely from £2.53bn in 2021 to £1.98bn, £1.8bn, £1.65bn and £1.59bn in 2022, 2023, 2024 and 2025, respectively.
Griffin in November told IT Channel Oxygen the UK business had been driving a programme of “get well to get big”, as it prepares to consider life under a potential new owner.
North America, now Exertis Technology’s largest arm, saw revenues rise from £1.72bn to £1.81bn, however.
Ireland’s top-line contribution shrank from £371.5m to £310.5m, and France’s from £134.8m to £129.5m. Rest of World generated revenues of £809m, up from £748.9m a year earlier.
