Major New Contract Win

RNS Number : 8046A

DX (Group) PLC

29 March 2017

 

29 March 2017

AIM: DX.

DX (Group) plc

("DX" or "the Company")

Major New Contract Win

DX, the independent parcels, mail and logistics operator, is delighted to announce that it has won a major contract worth in excess of £10m per annum providing bespoke logistic services for Avon UK, the leading beauty company. The contract, which is now underway, was awarded after a lengthy competitive tender process and is for an initial 3-year term. The win underpins management's existing expectations of the Company's performance in the current financial year.

Avon will benefit from DX's integrated capability, which will provide for an enhanced customer service experience.

Petar Cvetkovic, Chief Executive Officer of DX said:

"We are pleased to have secured this major new contract with Avon UK. The bespoke logistics solution we have designed for Avon reflects our customer-centric approach and highlights the 'OneDX' capability. Our services are now underway and should provide for more efficient and flexible deliveries and ultimately an improved customer experience."

Enquiries:

DX (Group) plc
Bob Holt, Chairman		M: 07778 798816
Petar Cvetkovic, Chief Executive		T: 0333 2411 624
Daljit Basi, Finance Director
Zeus Capital (Nominated Advisor and Joint Broker)		T: 020 3829 5000
Nick How, Dominic King
Numis Securities (Joint Broker)		T: 020 7260 1314
Stuart Skinner, Toby Adcock
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis, Emma Pearson

 

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