Trading Update

RNS Number : 4933A

DX (Group) PLC

08 June 2016

 

8 June 2016

AIM: DX.

DX (Group) plc

("DX" or "the Company")

Trading Update

DX, the leading independent parcels, mail and logistics operator, is pleased to provide a trading update for the second half of the financial year to date. 

Trading to date in the second half of the financial year has been in line with management expectations, with customer renewals at the DX Exchange operations at anticipated levels. The Company therefore remains on course to meet management expectations for the financial year.

The Board is reviewing its options regarding the proposed new central hub in the West Midlands. These options include an appeal against the decision by the local authority planning hearing to decline DX's planning application, as announced on 18 May. 

Management continues to position the Group for longer term sustainable growth and the Board remains confident in the medium term outlook for the Group.

Enquiries:

DX (Group) plc
Bob Holt, Chairman		M: 07778 798816
Petar Cvetkovic, Chief Executive		T: 01753 631 624
Ian Pain, Chief Financial Officer
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, Viktoria Langley, Emma Pearson

 

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