DCC has reiterated its expectations of 5-10% growth in operating profits in the year to the end of March.

In an interim management statement the energy, sales and distribution company said trading in many of its divisions had been good in the three months to the end of 2014.

However it said its energy division had been held back by milder weather in northern Europe.

The current quarter was a significant one for this section of its business, however, and lower temperatures in recent weeks could help to boost its performance.

DCC said its growth forecasts were based on the assumption of normal weather conditions for the remainder of the year.

Meanwhile, the firm said it had now signed a formal agreement to acquire Esso’s unmanned petrol stations and motorway concessions in France.

It has also completed the sale of its Allied Logistics business to Musgraves, and expectes the disposal of Robert Roberts and Kelkin to be completed by the end of March.