Energy distributor DCC Tuesday reported a year-over-year decline in its sales volume for the year ended March 31, due to lower commercial sales, milder weather, and retail network optimization.
DCC Energy sold 14.7 billion liters of product equivalent during the period, down 3.2% from the prior year, according to the report.
Of the total sales, the energy products segment contributed 10.6 billion liters equivalent, 3.1% lower than the previous year's figures. The company attributed the decline to lower commercial volumes in the Nordic region, milder weather in France, and the disposal of the liquid gas business in Hong Kong and Macau.
In the mobility segment, company data showed that fuel volumes decreased 3.4% year over year to 4.2 billion liters equivalent. Despite lower volumes, the company said sales were "more profitable" as they reflected network optimization, product procurement initiatives, and pricing discipline.
Meanwhile, DCC said its energy services business posted a "disappointing" performance due to much lower demand and challenging market conditions.
In fiscal year 2026, the company committed 112 million British pounds ($150.06 million) in acquisition spending, to primarily expand its liquid gas business in Europe.