REG - Nexus Infrastructure - Notice of Results

Nexus InfrastructureAnnouncement

26/04/2023 07:00

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RNS Number : 4226X  Nexus Infrastructure PLC  26 April 2023

Wednesday 26 April 2023

 

 

Nexus Infrastructure plc

("Nexus" or the "Group")

 

Notice of Results

 

Nexus Infrastructure plc (AIM:NEXS), a market-leading provider of civil
engineering infrastructure services to the UK housebuilding sector, is pleased
to confirm it will announce results for the six months ended 31 March 2023 on
Thursday 18(th) May 2023.

 

Nexus expects Tamdown, the Group's operating business, to deliver revenue in
H1 2023 of £50.8m (H1 2022: £46.7m).

 

Tamdown's order book was resilient at £85.3m as at 31 March 2023 (H1 2022:
£88.4m) with good progress being made in the period on work winning and
delivering on site for customers despite macro-economic headwinds.

 

The Group's balance sheet is strong with cash and cash equivalents of £15.9m
as at 31 March 2023.

 

Enquiries:

 Nexus Infrastructure plc                                                                                                                                           Tel: 01376 559550

 Charles Sweeney, Chief Executive Officer

 Dawn Hillman, Chief Financial Officer

 Numis Securities Limited                                                                                                                                           Tel: 0207 260 1000

 (Nominated Adviser & Broker)

 Oliver Hardy (Nomad)

 Heraclis Economides

 Hannah Boros

 Financial Public Relations                                                                                                                                         Tel: 0203 757 4992/4981

 Camarco

 Ginny Pulbrook

 Rosie Driscoll

 

Notes to Editors:

 

Nexus is a leading provider of civil engineering infrastructure services to
the UK housebuilding sector. The operating business Tamdown, is a provider of
specialised civil engineering and infrastructure services, has a
well-established market position having been in operation for over 45 years
and counts among its customers the largest housebuilders and social housing
developers.

 

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