Nexteq reaffirms guidance amid global uncertainty
By Josh White
Date: Tuesday 29 Apr 2025
(Sharecast News) - Nexteq reaffirmed its confidence in meeting full-year 2025 market expectations on Tuesday, as chair Carol Thompson outlined the group's strategic priorities at its annual general meeting.
The AIM-traded industrial technology outsourcing company said it was continuing to navigate global uncertainty, including the potential impact of new tariffs, by leveraging its established supply chain management capabilities and maintaining close coordination with suppliers and customers.
It said it remained committed to its three-year strategic plan, first outlined at its capital markets day in February, targeting meaningful organic growth through increased innovation and business diversification.
Margin performance remained in line with expectations, and initiatives to realign resources and generate operational synergies were said to be progressing as planned.
Nexteq reported continued positive cash generation, and held a net cash position of $30.2m as of 31 March.
With no debt and strong liquidity, the company said it was well-positioned to deliver on its growth ambitions, including expanding its offering of software and hardware solutions into new sectors and geographies.
At 1452 BST, shares in Nexteq were up 9.15% at 64.4p.
Reporting by Josh White for Sharecast.com.
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