DCC intends to sell its remaining distribution business “by the end of calendar year 2026”, the FTSE 100 firm confirmed this morning in its interim results.
The LSE-listed conglomerate offloaded Exertis IT to private equity firm AURELIUS at the start of the month, having sold its healthcare business in September.
The disposals were part of its strategy to focus on its most profitable energy business.
DCC’s remaining distribution activities are bigger and more profitable than the £2bn-revenue Exertis IT arm it has just jettisoned.
Although this business predominantly relates to its North American AV activities, it also encompasses several European brands including the newly rebranded Hammer business, which ranked 13th in Oxygen’s UK Must-Know UK Distributors and Marketplaces.
Interim results this morning show this remaining business turned over £1.32bn in the six months to 30 September 2025, a 2.7% year-on-year dip. Operating profits fell 7% to £33.4m.
The UK generated £79.2m of the top-line total, up from £78m a year earlier.
France contributed £53.9m to the total, with North America generating £866.4m and Rest of the World £319m.
DCC said it delivered “good growth” in its continuing Pro Tech distribution business in Europe during the period.
“It is our intention to have reached agreement for the sale of our remaining Technology business by the end of calendar year 2026,” DCC stated.
This echoes previous comments made by DCC Technology CEO Clive Fitzharris to IT Channel Oxygen, who indicated his team will “bring the overall business to market some time in 2026”.
These remaining businesses generated the “vast majority” of DCC Technology’s adjusted operating profits pre Exertis IT sale, which stood at £82m its fiscal 2025, Fitzharris indicated.
In his results commentary this morning, DCC CEO Donal Murphy characterised H1 as “a period of significant strategic progress”.
“We are excited about our growth opportunities as a simpler, stronger DCC Energy. We’re on track to deliver our 2030 ambition,” he stated.
