Trading Update and Notice of Results

RNS Number : 5047U

Nexus Infrastructure PLC

25 October 2017

 

Wednesday 25 October 2017

Nexus Infrastructure plc

("Nexus" or the "Company")

Trading Update and Notice of Results

Nexus Infrastructure plc (AIM:NEXS), a leading provider of essential infrastructure services to the UK housebuilding and commercial sectors, announces a trading update ahead of its annual results for the financial year ended 30 September 2017 which will be announced on 9 January 2018.

The Board expects the results for the Group for the year ended 30 September 2017 to be in line with its expectations.  The Board is encouraged by the level of growth in the Group's order book, which ended the year at £202.7m, a 25% year-on-year increase. This provides Nexus with good visibility for the year ahead.

Commenting on the Group's performance, Mike Morris, Chief Executive Officer said:

"This is the first trading update since our successful Initial Public Offering on AIM in July 2017. We are pleased to report that the full year results will be in line with our expectations and the significant improvement in the order book provides us with confidence for our future growth plans."

Enquiries:

Nexus Infrastructure plc Michael Morris, Chief Executive Officer Alan Martin, Chief Financial Officer	Tel: [phone]
Numis Securities Limited (Nominated Adviser & Broker) Oliver Hardy (Nomad)                   Heraclis Economides      Ben Stoop	Tel: [phone]
Financial Public Relations Camarco Ginny Pulbrook Tom Huddart	Tel: [phone]

Notes to Editors:

Nexus Infrastructure is a leading provider of essential infrastructure services to the UK housebuilding and commercial sectors. The Group comprises two separately managed and operated businesses: Tamdown, a provider of specialised infrastructure services; and TriConnex which designs, installs and connects utility networks to properties on new residential and commercial developments.

Tamdown has a well established market position having been in operation for over 40 years and currently counts amongst its customers nine of the top ten largest UK housebuilders. TriConnex was established in 2011 to take advantage of deregulation in the utilities market with the goal of being recognized as the UK's leading independent provider of utility connections to new developments.

 

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