TIDMDX.

DX (Group) PLC

11 July 2023

AIM: DX.

DX (Group) plc

("DX" or "the Group")

New depot opening in Deeside

DX, a leading provider of delivery solutions, including parcel freight, secure courier, 2-Man and logistics services, is pleased to announce further investment in its depot network with the opening of a new depot in Deeside. This is the first new depot opening in DX's new financial year, having opened nine depots in the previous financial year, which ended 1 July 2023. It is part of the Group's continuing evolution of its network in the North West and North Wales regions, and follows DX's recent agreement to take on 15 sites that were previously operated by Tuffnells Parcels Express Limited.

The new site in Deeside will serve the Group's Parcels operation, which is part of the DX Express division and provides highly secure, tracked deliveries both to businesses and consumers. The 9,900 square feet site is located on the Sandycroft Industrial Estate, a well-established industrial estate, situated to the east of Deeside town centre and only eight miles from Chester. It has excellent local transport links, as well as very good access to the A55 North Wales Expressway and the M56.

In addition to providing additional capacity, the new depot will further improve the division's operational efficiencies, and further reinforce the division's strong reputation for service, with earlier deliveries and later collections, supported by local customer services.

Importantly, the new depot will be operated with a view to reducing carbon emissions, with energy efficient lighting and other measures, it will also facilitate a reduction in stem mileages resulting in lower fuel consumption.

Further investment in the depot network is planned for DX's new financial year ending 29 June 2024, the final year of the Group's current three-year, GBP20-GBP25 million investment programme. Alongside the substantial investment in its delivery network, DX is investing in new fleet, including electric vehicles, parcel-handling mechanisation, and new technology.

Paul Ibbetson, Chief Executive Officer of DX (Group) plc, commented:

"We have substantially expanded our depot network over the last two years and this latest addition further increases our capability in the North West and North Wales. It is also in addition to the 15 former Tuffnells sites that we are in the process of taking on.

"As well as delivering additional capacity, the investments will ensure that we maintain our very high customer service levels as we continue to grow the business. Service is integral - and critical - to our ongoing successful growth and development."

Enquiries:

 
   DX (Group) plc                             T: 020 3178 6378 
                                               (c/o KTZ 
   Paul Ibbetson, Chief Executive Officer      Communications) 
   David Mulligan, Chief Financial Officer 
 
   KTZ Communications                         T: 020 3178 6378 
   Katie Tzouliadis/Robert Morton

About DX (Group) plc:

DX is a well-established provider of a wide range of delivery services to both business and residential addresses across the UK and Ireland. First 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 logistics services. Items that DX transports range from confidential documents and valuable packages to large, awkward-to-handle freight, unsuitable for automated conveyor.

The Group operates through two divisions, DX Freight and DX Express.

-- DX Freight comprises DX 1-Man, and Logistics/2-Man, with the Division being only one of a small number of operators that provides an overnight delivery service for irregular dimension and weight freight ("IDW").

-- DX Express comprises DX Parcels and DX Exchange and Mail, with the Division specialising in the express delivery, including pre-9am, of parcels and documents.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAGPUCGMUPWGQU

(END) Dow Jones Newswires

July 11, 2023 02:00 ET (06:00 GMT)

Dx (group) (LSE:DX.)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024 Click aqui para mais gráficos Dx (group).
Dx (group) (LSE:DX.)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024 Click aqui para mais gráficos Dx (group).