28 Nov 2019 07:00
28 November 2019
AIM: DX.
DX (Group) plc
("DX" or "the Group")
AGM Statement
DX, the provider of delivery solutions, including parcel freight, secure, courier and logistics services, will be holding its Annual General Meeting this morning, and Ron Series, Executive Chairman, will make the following short statement on current trading:
"Group trading in the first four months of the new financial year shows a stepped improvement over the same period last year. This reflects the structural organisational and operational changes made in both divisions, DX Express and DX Freight, over the last 18 months, and in particular the continuing performance improvement at DX Freight. Management's attention is now focused on sales and operational improvements across all areas of activity with the Group's ongoing transformation being supported by a major £10m investment programme covering IT systems, mechanisation, and site improvements.
"DX's trading is seasonally weighted towards the second half of the financial year, and taking this into account, the Board believes that the Group is well-positioned for continuing progress and to meet its targets for the current financial year.
"We expect to report on interim results in early March."
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Enquiries:
DX (Group) plc www.dxdelivery.com | ||
Ronald Series, Executive Chairman Lloyd Dunn, Chief Executive Officer David Mulligan, Chief Financial Officer | T: 020 3178 6378 (c/o KTZ Communications) | |
finnCap (Nominated Advisor and Broker) | T: 020 7220 0500 | |
Matt Goode/Simon Hicks/Hannah Boros (Corporate Finance) Andrew Burdis/Camille Gochez (ECM)
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KTZ Communications | T: 020 3178 6378 | |
Katie Tzouliadis/ Dan Mahoney |