Nexus: electrifying growth from EV charging
The installation of electric vehicle charging points is set to be big business and Nexus Infrastructure’s new division is well-placed to benefit. Find out more in our results coverage here.
Interim results from Nexus Infrastructure (LON:NEXS), a leading provider of essential infrastructure services, utilities connections and smart energy infrastructure, were a bit of a mixed bag. While its civil engineering operation Tamdown has experienced a very challenging time, other parts of the group, notably its newest EV charging division, appear to be doing nicely. For the 6 months ending 31 March 2021 group revenue fell 24% to £63.7m with operating profit down 57% to £1.5m. The meaningful decline relates to the Tamdown business where revenues fell 40% to £36.8m and operating profit was only £0.3m. Tamdown provides a range of…