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DV awarded major new logistics contract with IKEA 28 September 2017

Same-day 2-man deliveries, advanced booking and a returns service

DX has agreed a major new contract with 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 £19.0 million 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.