DX Group shows 'stepped improvement' year-to-date

28th Nov 2019 09:14

(Sharecast News) - Delivery solutions provider DX Group told investors on Thursday that the first four months of the trading year had shown "a stepped improvement" over the same period a year earlier.
Addressing shareholders at the group's annual general meeting, chairman Ron Series said the improvement reflected the structural, organisational and operational changes made in both its DX Express and DX Freight divisions over the last 18 months.

The AIM-listed firm highlighted that management's attention was now focused on sales and operational improvements across all areas of activity - with the group's ongoing transformation being supported by a major £10.0m investment programme covering IT systems, mechanisation and site improvements.

Series said: "DX's trading is seasonally weighted towards the second half of the financial year, and taking this into account, the board believes that the group is well-positioned for continuing progress and to meet its targets for the current financial year."

DX expects to report its interim results in "early March".

As of 0910 GMT, DX shares were up 2.13% at 12p.