DX investing £3.6m in depot upgrades

RNS Number : 6893H

DX (Group) PLC

28 November 2022

 

28 November 2022

AIM: DX.

DX (Group) plc

("DX" or "the Group" or "the Company")

DX investing £3.6m in depot upgrades

DX, the provider of delivery solutions, including parcel freight, secure courier, and logistics services announces, as part of its overall investment programme, it is investing £3.6m into upgrading its existing depot network. These funds are already being deployed and investment is expected to be completed by early July 2023, supporting the Group's ambitious growth plans. This is in addition to the substantial investment under way in new depot openings.

DX is implementing major improvements across its nationwide depot network. These have led to increased capacity, improved productivity, and raised efficiency levels. In the DX Freight division, which specialises in the delivery of irregular dimension and weight items, upgrades are under way or have been completed at depots in Exeter, Middlesbrough, Northampton, Plymouth, and Thatcham. DX has installed new raised docks, expanded loading areas, and made energy efficiency improvements. In the DX Express division, which handles documents and parcels, significant upgrades have been made at Gatwick and at the national hub in Nuneaton. These include additional mechanisation as well as environmental initiatives.

DX opened eight new depots over its last financial year, and by the end of its current financial year, in July 2023, the Group expects to have opened a further eight new sites. DX is in the second year of a major three-year investment programme, which is anticipated to invest £20m-£25m across the Group. This investment encompasses expanding the depot network, vehicles, parcel handling equipment, and IT.

Mark Hammond, Executive Chairman of DX (Group) plc, commented:

"We have ambitious growth plans and the significant investment we are making in our depot network - both in new and existing sites - will underpin continued growth and improvements to customer service and operational efficiencies.

"Our depot upgrade programme is well under way across both our divisions, DX Freight and DX Express, and we are on course to complete around £3.6 million of investment in existing depots by early July 2023, with additional substantial investment going into new depot openings at the same time."

Enquiries:

DX (Group) plc		T: 020 3178 6378 (c/o KTZ
www.dxdelivery.com		Communications)
Mark Hammond, Executive Chairman
David Mulligan, Chief Financial Officer
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis/Dan Mahoney

NOTES TO EDITORS:

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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