DX Group expects to trade 'materially ahead' of current expectations
Delivery solutions provider DX Group said on Thursday that trading in the first months of its new financial year had been ahead of the same period in 2019, with the company now expecting to significantly outperform expectations.
DX Group, which stated it was yet to see any sign of an adverse impact from the second national Covid-19 lockdown, said net new business across both of its divisions was "encouraging" and added that its new business pipeline remained "very healthy".
"While it is still relatively early in the financial year, with volumes better than expected and margins improving in DX Freight, we now anticipate that DX is on track to perform materially better than current market expectations," said DX.
The AIM-listed group said it remains "in a strong financial position", with high levels of liquidity and significant headroom within its invoice discounting facility.
DX added that it would provide a further update on trading in February.
As of 0905 GMT, DX shares were untraded at 23.0p.