New Depot Openings

RNS Number : 4981S

DX (Group) PLC

13 March 2023

 

AIM: DX.

DX (Group) plc

("DX" or "the Group")

Two new depot openings in Bracknell and Swindon;

Takes new site openings to six in current financial year

DX, a leading provider of delivery solutions, including parcel freight, secure courier and logistics services, is pleased to announce the opening of two new depots in Bracknell, Berkshire, and Swindon, Wiltshire. The openings take the number of new sites opened, including depot relocations, since the start of the current financial year in July 2022 to six.

Both sites will serve the Group's DX Express division and in particular its Parcels operation, which provides highly-secure, tracked B2B and B2C deliveries. Parcel volumes at the division have been growing strongly and remain a major area for expansion.

The Bracknell site is located on Eastern Road Industrial Estate, and also provides a new dedicated regional hub for DX Express. Previously the division shared a site with the Group's DX Freight division, the move therefore increases capacity for both divisions. The site in Swindon is located on Rushy Platt Industrial Estate, and replaces a smaller DX Express depot in the area with substantially larger facilities.  Both depots are well-located, close to motorway links that will allow them to become important centres for the Parcels operation in their respective regions.

As well as increasing DX Express's capacity, these sites will improve operational efficiency, and increase the division's local presence. The Group places great importance on providing localised customer services, which promotes closer customer engagement and higher service levels.

The new site openings are as part of the Group's ongoing £20-£25 million investment programme, and further depot openings are planned in the remainder of DX's current financial year ending 1 July 2023. Alongside substantial investment in its delivery networks, DX continues to invest in new fleet, including electric vehicles, parcel-handling mechanisation and new technology.

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

"These new depots support DX Express's continuing growth, and in particular Parcels' expansion. Our Parcels activity has grown significantly in the last two years, and these new depots will increase capacity, improve efficiency and enhance the division's customer service levels. We will be opening additional new depots over the remainder of the current financial year."

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/Dan Mahoney

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.

 

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