Nexora revenue declines amid North America disruption

Positive momentum across Europe partially offset the DCC-owned company’s results

Nexora, formerly known as DCC Technology, has delivered mixed results for the year ended 31 March, impacted by disruption in North America despite what the firm described as a “robust performance” in Europe.

Top line declined 3.4 per cent to £2.45bn (FY25: £2.5bn).

The company said performance in the first half of the year was affected by lower customer confidence and market disruption across North America following the introduction of US tariffs.

It added that conditions in the region improved later in the year.

It also pointed to strong momentum across its European operations, particularly in the Nordics, which recorded “strong growth.”

Adjusted operating profit rose 4.3 per cent to £79.8m, driven by gross margin enhancement initiatives and cost control measures, including freight and warehouse consolidation across North America.

Nexora, which rebranded from DCC Technology in December, is the remaining part of the group following a series of disposals.

In November, the organisation sold its Info Tech business to AURELIUS.

The carve-out included Exertis Supplies, Exertis Ireland, Macro EV, Exertis Supply Chain Services, MTR, Hypertec and Ztorm.

Nexora now focuses on intelligent technology solutions spanning professional AV, professional audio, enterprise infrastructure and consumer technologies.

Most of its operations are based in North America, alongside a smaller European business.

The company is also set to be sold by DCC, with the group reaffirming its intention to reach an agreement for the disposal before the end of calendar year 2026.

The move forms part of the Dublin-HQ group’s strategy to focus more heavily on its energy division, which represents the largest part of its operations.

DCC also completed the sale of its healthcare division in September.

Overall, the group reported a 2.9 per cent turnover drop to £15.4bn.

“This has been a year of major strategic progress for DCC,” said CEO Donal Murphy.

“We transformed the group through the disposals and provided shareholders with material capital returns.

“With a simpler, more focused group, a strong financial platform and a highly cash-generative Energy business with attractive organic growth prospects, our performance keeps us on track to deliver our £830m operating profit ambition by 2030.”