REG - Nexus Infrastructure - AGM Statement

Nexus InfrastructureAnnouncement

15/02/2022 07:00

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RNS Number : 6519B  Nexus Infrastructure PLC  15 February 2022

Tuesday 15 February 2022

 

Nexus Infrastructure plc

("Nexus" or the "Group")

 

AGM Statement

 

At the Annual General Meeting of Nexus Infrastructure plc (AIM:NEXS), a leader
in enabling the energy transition by delivering sustainable infrastructure,
convened for 9.00 am today, Richard Kilner, the Chairman will state:

 

"The fundamental growth drivers for our business remain positive and are
underpinned by macro trends and Government support for future proofed
utilities, electric vehicle charging, renewable energy and housing. We
continue to drive significant growth from our multi-utilities and energy
transition services delivered by TriConnex and eSmart Networks and the Group's
services remain in demand with order book growth across all three businesses.
Although inflationary pressures persist with recent increases in labour,
material and energy costs substantially above trend, we are managing them
across our supply chain and customer base.

 

With a strong balance sheet and order book of £300m, Nexus is in a position
to benefit from the high levels of demand for multi-utilities, energy
transition and civil engineering. The continued rapid growth of eSmart
Networks has accelerated our recruitment and investment plans, which will
result in profits weighted to the second half of the year. Whilst inflationary
challenges remain, the trading outcome for the year continues to be in line
with the Board's expectations."

 

 

Enquiries:

 Nexus Infrastructure plc                                                                                                             Tel: 01376 559 550

 Michael Morris, Chief Executive Officer

 Alan Martin, Chief Financial Officer

 Numis Securities Limited                                                                                                             Tel: 0207 260 1200

 (Nominated Adviser & Broker)

 Oliver Hardy (Nomad)

 Heraclis Economides

 Ben Stoop

 Financial Public Relations                                                                                                           Tel: 0203 757 4992

 Camarco

 Ginny Pulbrook

 Rosie
 Driscoll

 

 

Notes to Editors:

Nexus is enabling the energy transition by delivering sustainable
infrastructure. The Group's capabilities are:

Multi-Utilities   - TriConnex, our multi-utilities business, designs,
installs and connects energy, water, fibre networks and electric vehicle
charging infrastructure on new residential developments. The business offers
end‑to‑end solutions with the goal of being recognised as the UK's leading
independent provider of utility connections to new developments.

Energy Transition   - eSmart Networks, the energy transition specialists,
provides public electric vehicle charging, industrial electrification and
renewable energy connections. The business was created to respond to the UK's
need for charging infrastructure as the transition to electric vehicles
gathers pace and has since broadened its services to provide grid connection
solutions and renewable energy infrastructure.

Civil Engineering   - Tamdown, our civil engineering business, provides a
range of civil engineering and infrastructure services to the UK housebuilding
and commercial sectors. Services include earthworks, highways, substructures
and basements, installing sustainable drainage systems, as well as high-rise
construction. It has an established market-leading position having been in
operation for over 40 years.

 

 

 

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