Nexus delivered improved revenue in the first half, for its core Tamdown unit and recently acquired Coleman Construction & Utilities infrastructure business. ‘Encouraging’ progress was made against the group’s objectives ‘despite the challenging market backdrop across the housebuilding sector’. The gross margin improved, as did orders and net cash, but we now no longer anticipate a return to an operating profit in the second half, with a likely improvement from housing and water investment in FY26.
Nexus: Progressive
May 15, 2025Disclaimer & Declaration of Interest
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