Business
Preliminary Results
Preliminary Results.
About this update from Nexus Infrastructure Plc
[{"type":"text","content":"\n \nRNS Number : 2867B Nexus Infrastructure PLC 09 January 2018 \n\n9 January 2018\n \nNexus Infrastructure plc (\"Nexus\" or the \"Group\")\nPreliminary results for the year ended 30 September 2017\nLandmark year, robust results, positioned for growth\n \nMike Morris, Chief Executive of Nexus, the leading provider of essential infrastructure services to the UK housebuilding and commercial sectors, comments:\n\"It has been a landmark year for Nexus with the successful listing of the business on AIM in July, a robust performance and continued growth in our order book which gives us good visibility of future earnings. All of which pays tribute to the hard work and commitment of our employees.\"\nWe have strong market positions along with well-defined strategic objectives in place to continue to deliver growth and future value for all stakeholders.\"\n \nHighlights:\nResilient performance in FY2017 despite impact of EU Referendum\n§ Revenue of £135.0m, in line with expectations (2016: £135.7m)\n§ Operating profit of £9.3m, ahead of expectations (2016: £10.4m)\n§ Order Book, up 25% at year end to £202.7m\n§ Sustained momentum with current order book of £213m as at the end of December 2017\nStrong cash generative business model\n§ Cash and cash equivalents of £27.1m at year end\n§ Proposed final dividend of 4.2 pence per share, taking the full year dividend to 6.3 pence per share, ahead of expectations and in line with progressive dividend policy\nEstablished growth strategy within attractive and expanding addressable markets\n· Organic growth driven by large multi-phase contracts, geographic expansion, cross selling and combined delivery of Tamdown and TriConnex services\n· Inorganic growth plans focused on disciplined approach to bolt-on acquisitions\nProven track record of delivering consistent growth, profits and cash generation\nConfident outlook for the year ahead\n \n \nEnquiries:\n \n\n\n\n\nNexus Infrastructure plc\nMichael Morris, Chief Executive Officer\nAlan Martin, Chief Financial Officer\n \n\n\nTel: 01376 320856\n\n\n\n\nNumis Securities Limited\n(Nominated Adviser & Broker)\nOliver Hardy (Nomad) \nHeraclis Economides &nb...