DX wins new contract with Avon UK
Parcels, mail and logistics operator DX has won a contract worth more than £10m a year to provide bespoke logistic services for beauty company Avon UK.
DX (Group)
47.40p
16:55 26/01/24
FTSE AIM All-Share
742.27
08:10 19/04/24
Industrial Transportation
4,036.32
08:10 19/04/24
The contract, which is now underway, was awarded after a lengthy competitive tender process and is for an initial three-year term.
DX said it underpins management's existing expectations of the company's performance in the current financial year.
Chief executive officer Petar Cvetkovic 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."
At 0908 BST, the shares were up 17% to 10.50p.