DX turnaround on track

DX says its turnaround plan is progressing and it is on course to meet market expectations for its 2018 financial year.

Much of the focus had been on the DX Freight division where net new business had been encouraging.

DX Express, which includes DX Exchange, Secure and Courier services, continues to develop its plan to separate DX Exchange from the Secure and Courier operations.

In a trading update it said: “The directors therefore expect the Group to meet market expectations for FY2018, which includes an underlying loss for the year. Net debt at 30 June 2018 is expected to be approximately £1.1m (30 June 2017: £19.1m), which is better than previously anticipated, and reflects improved working capital management.”