Nexus Infrastr. Regulatory News (NEXS)

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:

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.