Exertis performance diverges in North America and UK

DCC Technology, which operates the Exertis brand, has seen a divergence in performance between North America and the UK, according to its financial results for 2022.

The technology division of DCC plc reported operating profits up 12.8% at £81.7 million, with sales up 3.6% at £4.644 billion.

The division’s North American business performed strongly throughout the year, with strong organic revenue and operating profit growth, complemented by the acquisition of Almo to create the latest specialist pro-AV value-added distributor in North America. Since acquisition, Almo has traded in line with expectations.

Sales of Pro AV products recovered significantly as Covid-19 restrictions eased and spending on large event, conference and other at-work locations resumed.

In the UK, DCC Technology experienced a significant level of supply constraints and reduced demand for consumer products as the pandemic eased. The business was also impacted during the year by the implementation of a new warehouse management system. These factors contributed to a decline in both revenue and operating profit in the year in the UK, although the division’s business in Ireland performed well.

In Continental Europe, the business generated good organic revenue and operating profit growth, benefiting from the recovery in demand for B2B products, particularly in the DACH region and Italy.

For more information: 2020 Final Results