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Share Name Share Symbol Market Type Share ISIN Share Description
Dx (group) Plc LSE:DX. London Ordinary Share GB00BJTCG679 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -1.65% 23.80 23.00 24.60 25.00 23.50 24.10 344,895 08:48:14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 329.3 -1.3 -0.3 - 137

DX (Group) PLC DX Expands Depot Network with New Burnley Site

21/10/2020 7:00am

RNS Non-Regulatory


TIDMDX.

DX (Group) PLC

21 October 2020

21 October 2020

DX (Group) plc

Expands depot network with new Burnley site

DX, a leading provider of delivery solutions, including parcel freight, secure, courier, 2-Man and logistics services, is pleased to announce the opening of a new depot in Burnley as the Group drives forward with its ambitious expansion plans for the business.

DX, which last month revealed that it had completed the first phase of its turnaround by returning to adjusted pre-tax profit, is driving a strategic expansion of its Freight division. The Burnley depot is the fourth opening this year for the division, which specialises in B2B and B2C delivery of irregular dimension and weight freight ("IDW"), following openings in Ipswich, Oxford and Westbury.

The 21,000 sq. ft. depot at Altham Industrial Estate, Accrington, increases the division's footprint in the North West, providing additional capacity for further growth. It also allows DX to enhance service levels to existing customers in the region and provide more localised customer care.

In the last year, revenues at DX Freight grew by 7% to approximately GBP170m and management has stated its intention to significantly increase the division's market share in IDW. Approximately GBP4m further investment in the division is planned over the next 12 months in technology, equipment and fleet, and additional new depot openings for both DX Freight and DX Express are scheduled in the new year.

Paul Ibbetson, Managing Director of DX Freight, said:

"This new depot in Burnley significantly increases our presence in the North West region, and allows us to further enhance service levels to existing customers. Further depot openings are planned during 2021 as we push forward with growth plans for the Freight division."

Lloyd Dunn, Chief Executive Officer at DX Group, commented:

"DX Freight has undergone a remarkable transformation over the last three years. This latest depot opening is a sign of the confidence we have in the division and we are backing its growth with further investment."

Enquiries:

 
   DX (Group) plc                                   T: 020 3178 6378 (c/o 
   Ronald Series, Chairman                          KTZ Communications) 
   Lloyd Dunn, Chief Executive Officer 
   Beverley Weston, Marketing and Communications 
    Manager 
 
   KTZ Communications                               T: 020 3178 6378 
   Katie Tzouliadis 
   Dan Mahoney 
 

About DX (Group) plc

www.dxdelivery.com

DX is a well-established provider of a wide range of delivery services to both business and residential addresses across the UK and Ireland. Established in 1975 as a Document Exchange service to the legal sector, DX now provides one of the widest ranges of overnight delivery services in the market, as well as comprehensive logistics services. The business transports items ranging from confidential documents to large, awkward-to-handle freight that is unsuitable for standard conveyors.

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END

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October 21, 2020 02:00 ET (06:00 GMT)

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