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Nexus Infrastructure Plc ( (GB:NEXS) ) has shared an update.
Nexus Infrastructure PLC announced its preliminary unaudited results for FY24, reporting resilience in a challenging market. Despite headwinds in the housebuilding sector, the company maintained steady performance with significant improvements in Tamdown’s margins and an expanded order book. The acquisition of Coleman Construction & Utilities opens up new sectors and reduces reliance on the cyclical housing market, positioning Nexus for future growth. The company’s strong balance sheet and strategic diversification efforts provide confidence in a market recovery and opportunities in high-growth infrastructure sectors.
More about Nexus Infrastructure Plc
Nexus Infrastructure PLC is a leading provider of essential infrastructure solutions, primarily through its subsidiaries Tamdown Group Limited and Coleman Construction & Utilities Limited. Tamdown specializes in civil engineering and infrastructure solutions for the UK housebuilding sector, focusing on the South-East of England and London, while Coleman delivers projects in the water, rail, highways, and rivers & marine sectors.
YTD Price Performance: -3.20%
Average Trading Volume: 11,621
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £10.93M
Learn more about NEXS stock on TipRanks’ Stock Analysis page.
