DCC trading ahead of budget

Support services group DCC has reiterated its full-year guidance after benefiting from “a solid start” to its current financial year.

In a trading update issued yesterday to coincide with the group’s AGM in Dublin, DCC said overall trading was “ahead of budget” in its first quarter, which comprises the three months to the end of June.

The company said it achieved good operating profit growth, on a constant currency basis, for its first quarter.