DX (Group) PLC Major New Contract with IKEA (0266S)

TIDMDX.

RNS Number : 0266S

DX (Group) PLC

28 September 2017

28 September 2017

AIM: DX.

DX (Group) plc

("DX" or "the Company")

Major New Contract with IKEA Limited

DX, the independent parcels, mail and logistics operator, is pleased to announce that it has agreed a major new contract with IKEA Limited ("IKEA") to provide a bespoke logistics solution for customer deliveries. The contract is for an initial three years and takes the total value of the Company's contracted logistics work for IKEA to approximately GBP19m per annum.

DX already provides IKEA with a flexible, bespoke logistics solution to support IKEA's online sales in two regions and its store business in Reading. The Company will now support IKEA's sales across seven additional stores.

DX will operate dedicated service centres, situated in close proximity to each IKEA store, to support the enlarged contract and will offer same-day 2-man deliveries, advanced booking and a returns service. Management believes that the flexibility of DX's delivery solution is market-leading in the logistics market, enabling its customers to improve their proposition and enhance customer service levels and quality.

Stuart Godman, Managing Director of DX Freight, said:

"We are delighted to have expanded and extended the services that we provide to IKEA. This contract is further evidence of DX Logistics's ability to deliver high volumes to an exacting standard, and we look forward to continuing to deliver an excellent service to IKEA and all our customers."

Enquiries:

 
 
   DX (Group) plc 
   Bob Holt, Chairman                    M: 07778 798816 
 
   Zeus Capital (Financial Adviser       T: 020 3829 
    and Nominated Adviser to DX)          5000 
   Nick How, Giles Balleny (Corporate 
    Finance) 
   Dominic King (Corporate Broking) 
 
   KTZ Communications                    T: 020 3178 
                                          6378 
   Katie Tzouliadis 
   Irene Bermont-Penn 
   Emma Pearson 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 28, 2017 02:00 ET (06:00 GMT)