Nexus Infrastructure (NEXS)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

 177.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 228.00
  • 52 Week Low: 103.50
  • Currency: UK Pounds
  • Shares Issued: 38.12m
  • Volume: 0
  • Market Cap: £67.66m
  • RiskGrade: 224

Nexus Infrastructure profit dives amid margin pressure

By Duncan Ferris

Date: Tuesday 10 Dec 2019

LONDON (ShareCast) - (Sharecast News) - Nexus Infrastructure on Tuesday reported a slump in full year profits as delays and pricing pressure saw higher costs overshadow revenue growth.
The infrastructure services provider booked a profit before tax of £5.7m for the 12 months ended 30 September, down 38% compared to the year before, after gross margin declined from 20.5% to 18.0% on the back of industry-driven delays that hit its Tamdown business.

Customer pricing pressure and cost inflation also added to the drop in margin, though the company said it has now taken mitigating actions to increase it resilience.

The AIM traded company kept its dividend unchanged at 6.6p per share.

Meanwhile, a 15% increase in sales to £155.1m was driven by 30% turnover growth from the TriConnex business, which Nexus attributed to an increase in contracts and project acceleration.

Elsewhere, Tamdown revenue jumped by 10% to £112.2m and sales from its eSmart Networks electric vehicles business climbed from £1.8m to £2.1m.

Nexus said it would increase its focus on efficiency in the coming months, adding that its order book and balance sheet have given the board confidence in the groups prospects over the next few years.

Chief executive Mike Norris said: "We believe that the structural demand for housing in the UK, the low interest rate environment and government-supported incentives in the sector from all major political parties, all play well to Nexus' strengths as a trusted supplier.

"On the basis that trading conditions remain stable, the group is well placed to maximise opportunities within its chosen markets and deliver future value for shareholders."

Nexus Infrastructure shares were down by 6.04% at 160.68p at 1132 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

NEXS Market Data

Currency UK Pounds
Share Price 177.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 228.00
52 Week Low 103.50
Volume 0
Shares Issued 38.12m
Market Cap £67.66m
RiskGrade 224

NEXS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.09% above the market average41.09% above the market average41.09% above the market average41.09% above the market average41.09% above the market average
42.11% below the sector average42.11% below the sector average42.11% below the sector average42.11% below the sector average42.11% below the sector average
Price Trend
67.53% above the market average67.53% above the market average67.53% above the market average67.53% above the market average67.53% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Income
31.78% above the market average31.78% above the market average31.78% above the market average31.78% above the market average31.78% above the market average
35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average35.71% below the sector average
Growth
80.06% below the market average80.06% below the market average80.06% below the market average80.06% below the market average80.06% below the market average
73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average73.68% below the sector average

NEXS Dividends

  Latest Previous
  Final Interim
Ex-Div 20-Feb-20 13-Jun-19
Paid 25-Mar-20 12-Jul-19
Amount 4.40p 2.20p

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

NEXS Key Personnel

COO Charles Sweeney

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