Nexus Infrastructure (NEXS)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

80.71p
   
  • Change Today:
    -1.79p
  • 52 Week High: 171.00
  • 52 Week Low: 75.00
  • Currency: UK Pounds
  • Shares Issued: 46.18m
  • Volume: 107
  • Market Cap: £37.28m
  • RiskGrade: 174

Nexus warns on revenues amid 'frustrating' delays

By Iain Gilbert

Date: Tuesday 09 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Sustainable infrastructure group Nexus warned on full-year revenues on Tuesday as the group stated it has suffered "frustrating" delays in the conversion of its eSmart Networks order book to revenue.
Nexus said it has recently experienced "some delays", due to longer lead times dictated by its customers and relating to the manufacture and delivery of specialised equipment utilised on projects.

"As a result of these delays, a portion of the order book that was expected to be converted into revenue in Q4 2022 is now expected to be delivered in the next financial year," said Nexus.

"The growth profile of eSmart Networks continues to be very strong and for FY22 is expected to deliver in excess of double the revenue achieved in FY21 of £9.0m. The gross margin of eSmart Networks is expected to improve to around 24% in H2, a significant improvement on H1 and in line with the board's expectations."

The AIM-listed group now expects eSmart's operating result for the second half to be roughly breakeven, with an operating loss for the unit in the full year.

Overall, Nexus anticipates an operating profit of between £3.8m and £4.2m for the group for the full year, with the shortfall compared to the board's previous expectations due to the delays within eSmart Networks.

As of 1115 BST, Nexus shares had slumped 15.27% to 141.50p.





Reporting by Iain Gilbert at Sharecast.com

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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 80.71p
Change Today -1.79p
% Change -2.16 %
52 Week High 171.00
52 Week Low 75.00
Volume 107
Shares Issued 46.18m
Market Cap £37.28m
RiskGrade 174

NEXS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.84% below the market average3.84% below the market average3.84% below the market average3.84% below the market average3.84% below the market average
36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average36.84% above the sector average
Price Trend
77.29% below the market average77.29% below the market average77.29% below the market average77.29% below the market average77.29% below the market average
75.61% below the sector average75.61% below the sector average75.61% below the sector average75.61% below the sector average75.61% below the sector average
Income
90.07% below the market average90.07% below the market average90.07% below the market average90.07% below the market average90.07% below the market average
81.25% below the sector average81.25% below the sector average81.25% below the sector average81.25% below the sector average81.25% below the sector average
Growth
35.24% below the market average35.24% below the market average35.24% below the market average35.24% below the market average35.24% below the market average
21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average21.95% below the sector average

NEXS Dividends

  Latest Previous
  Special Interim
Ex-Div 16-Mar-23 01-Jun-23
Paid 03-Apr-23 30-Jun-23
Amount 163.00p 1.00p

Trades for 27-Feb-2024

Time Volume / Share Price
09:25 1 @ 75.20p
09:00 101 @ 79.49p
08:49 5 @ 85.00p

NEXS Key Personnel

CEO Charles Sweeney
CFO Dawn Hillman

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