DX (Group) PLC Major New Contract with IKEA (0266S)
28 September 2017 - 4:00PM
UK Regulatory
TIDMDX.
RNS Number : 0266S
DX (Group) PLC
28 September 2017
28 September 2017
AIM: DX.
DX (Group) plc
("DX" or "the Company")
Major New Contract with IKEA Limited
DX, the independent parcels, mail and logistics operator, is
pleased to announce that it has agreed a major new contract with
IKEA Limited ("IKEA") to provide a bespoke logistics solution for
customer deliveries. The contract is for an initial three years and
takes the total value of the Company's contracted logistics work
for IKEA to approximately GBP19m per annum.
DX already provides IKEA with a flexible, bespoke logistics
solution to support IKEA's online sales in two regions and its
store business in Reading. The Company will now support IKEA's
sales across seven additional stores.
DX will operate dedicated service centres, situated in close
proximity to each IKEA store, to support the enlarged contract and
will offer same-day 2-man deliveries, advanced booking and a
returns service. Management believes that the flexibility of DX's
delivery solution is market-leading in the logistics market,
enabling its customers to improve their proposition and enhance
customer service levels and quality.
Stuart Godman, Managing Director of DX Freight, said:
"We are delighted to have expanded and extended the services
that we provide to IKEA. This contract is further evidence of DX
Logistics's ability to deliver high volumes to an exacting
standard, and we look forward to continuing to deliver an excellent
service to IKEA and all our customers."
Enquiries:
DX (Group) plc
Bob Holt, Chairman M: 07778 798816
Zeus Capital (Financial Adviser T: 020 3829
and Nominated Adviser to DX) 5000
Nick How, Giles Balleny (Corporate
Finance)
Dominic King (Corporate Broking)
KTZ Communications T: 020 3178
6378
Katie Tzouliadis
Irene Bermont-Penn
Emma Pearson
This information is provided by RNS
The company news service from the London Stock Exchange
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