DCC says Q1 trading in line, reiterates full year guidance

International sales, marketing and support services group DCC said first quarter trading was in line with expectations and expected the full year to produce “profit and growth”.

“Were current foreign exchange rates to prevail for the remainder of the year, the group would benefit modestly, relative to current market consensus, from a favourable translation of non-sterling profits into sterling,” DCC said.

The processes to complete the acquisitions of Esso Retail Norway and Shell Hong Kong & Macau are progressing to plan and are expected to complete by the end of the third and fourth quarters of DCC's financial year respectively.