REG - Nexus Infrastructure - Trading Update and Notice of Results

Nexus InfrastructureAnnouncement

26/10/2022 07:00

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RNS Number : 0889E  Nexus Infrastructure PLC  26 October 2022

Nexus Infrastructure PLC

26 October 2022

 

Nexus Infrastructure plc

("Nexus" or the "Group")

 

Trading Update and Notice of Results

 

 

Nexus Infrastructure plc, a leading enabler of energy transition by delivering
sustainable infrastructure, announces a trading update ahead of its results
for the financial year ended 30 September 2022, which will be announced on 9
December 2022.

 

Nexus expects to deliver Group revenues of £173m for the year ended 30
September 2022 (2021: £138m). Revenue growth has been achieved in all
divisions, with TriConnex improving by 10%, eSmart Networks by 86% and Tamdown
by 26%. Group operating profit is expected to be in the range stated in the
trading update of 9 August 2022 of £3.8m to £4.2m. The Group's order book is
up 10%, with work winning continuing across all three divisions and currently
standing at £316m (2021: £286m). The Group's net cash (pre-IFRS 16) at
period end was £24.2m (2021: £18.1m).

 

Mike Morris, Chief Executive of Nexus, commented:

"I am pleased with the progress made in the year. TriConnex continues to
perform, eSmart Networks is delivering strong revenue growth and Tamdown
continues to optimise its service offering. Nexus has a strong balance sheet
plus a growing order book, with the Group continuing to see high levels of
demand for its services from customers that value its expertise."

 

 

Enquiries:

 Nexus Infrastructure plc                                                                                                                                           Tel: 01376 559550

 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

 

About Nexus

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, our energy transition business,
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 and installing sustainable drainage systems. It has an
established market-leading position having been in operation for over 40
years.

 

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