REG - Nexteq PLC - Capital Markets Event

NexteqAnnouncement

26/02/2025 07:15

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RNS Number : 4486Y  Nexteq PLC  26 February 2025

The information contained within this announcement is deemed by the Company to
constitute inside information pursuant to Article 7 of EU Regulation 596/2014
as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 as amended.

 

26 February 2025

Nexteq plc

("Nexteq" or the "Group")

 

Capital Markets Event

 

Nexteq (AIM: NXQ), a leading technology solutions provider to customers in
selected industrial markets, will today host an in-person Capital Markets
Event in London at 14:30 for institutional investors and equity research
analysts to provide detail on the Group's three-year plan and strategic
ambitions for the end of 2027.

The event will be hosted by the Group's recently appointed management team of
Duncan Faithfull, CEO, and Matt Straight, CFO, as well as the plc Board
members and founders, and will include presentations from senior leaders
across the business. The presentations will showcase, through practical
demonstrations, the Group's innovative new technology solutions which are
being launched across Nexteq's focus markets.

The event will focus on Nexteq's strategy and execution plans to deliver on
its three-year organic growth ambitions, targeting revenue of $108m-$120m,
gross margin of 35-38% and 10-15% EBITDA(1) margin by the end of 2027. This
strategy will be delivered through the Group's granular understanding of its
addressable markets, product innovation, deep customer relationships and
careful cost management. Organic growth will be augmented by targeted bolt-on
M&A to accelerate scale in key addressable market verticals.

Presentations will also cover topics, including:

·    Organisational refocus as 'One Nexteq' providing solid foundations
for the Group's next stage of growth, underpinned by excellent people

·    A deeper understanding of Densitron and its key role within Nexteq's
growth strategy

·    The opportunity and growth drivers within Nexteq's key verticals of
Gaming, Broadcast and Medical

·    Creation of a new Gaming software solution, targeting $4-5m
repeatable revenue by the end of 2027

·    Ruthless execution of new product development to facilitate growth in
the proportion of products with Nexteq IP

Post-event recording

For those unable to attend in person, a video and associated slides of the
event will be made available on the Company's website after the event at
 Investor Hub - Nexteq plc (https://nexteqplc.com/investor-hub/) .

 

(( 1 )) Adjusted EBITDA

 

 Nexteq plc                                        Tel: +44 (0)1223 892 696

 Duncan Faithfull, Group Chief Executive Officer

 Matt Staight, Group Chief Financial Officer

 Nominated Adviser and Broker:                     Tel: +44 (0)20 7220 0500

 Cavendish Capital Markets Ltd

 Matt Goode / Teddy Whiley (Corporate Finance)

 Tim Redfern / Harriet Ward (ECM)

 Financial PR:                                     Tel: +44 (0)20 3405 0205

 Alma Strategic Communications

 Hilary Buchanan / Kieran Breheny

 

About Nexteq

Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in
selected industrial markets. Its innovative technology enables the
manufacturers of global electronic equipment to outsource the design,
development and supply of non-core aspects of their product offering. By
outsourcing elements of their technology stack to Nexteq, customers can focus
their product development effort on the most critical drivers of their
business' success.

 

Our solutions are delivered through a global sales team and leverage the
Group's electronic hardware, software, display and mechanical engineering
expertise. Our Taiwan operation is at the heart of Asian supply networks and
facilitates cost effective manufacturing and strategic supply chain
management.

 

The Group operates in six countries and services over 500 customers across 47
countries.

 

Nexteq operates two distinct brands: Quixant, a specialised computer platforms
provider, and Densitron, leaders in human machine interface technology, each
with dedicated sales, account management and product innovation teams. Founded
in 2005, and later floating on the London Stock Exchange's AIM stock market as
Quixant plc, the Group rebranded to Nexteq in 2023.

 

Further information on Nexteq and its divisions can be found at
www.nexteqplc.com (http://www.nexteqplc.com) .

 

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