DX Group fails to renew Passport Office Contract

DX Group fails to renew Passport Office Contract

Delivery solutions specialist DX Group PLC on Tuesday said its bid to renew a contract with Her Majesty’s Passport Office has been unsuccessful, with the deal due to expire in January 2020.

The company said that financial results for the year to June 30 will be unaffected by the losing of the contract. The firm added it remains “comfortably on track” to deliver market forecasts in the current financial year.

“Having held this contract for 14 years, we are disappointed not to have been successful in our bid, which we believe was based on commercially realistic terms,” Chair Ronald Series said.

DX said its board believes the firm “remains well-positioned to achieve existing market forecasts” of GBP7.7 million in earnings and revenue of GBP328 million in the next financial year ending June 30, 2020.

Series added: “DX’s turnaround strategy continues to show encouraging progress, and we are comfortably on track to attain market forecasts for the current financial year. We also believe the company is well-positioned to achieve market forecasts for profitability in the next financial year, even after the non-renewal of the contract.”

Relevant Directory Listings

Listing image

RouteSmart Technologies

RouteSmart – A FedEx Company – optimizes last-mile operations and enables the most successful postal and home delivery organizations to build more efficient route plans every day. Our proven solutions allow you to decrease planning time, create balanced and efficient delivery routes, lower total travel […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

 

Pin It on Pinterest

Share This