Nexus lifts orders 62% as Coleman acquisition pays off
AI Article Summary
Nexus Infrastructure has seen a 62% increase in its order book following its acquisition of Coleman. The company's revenue rose 16% to £66m as its turnaround strategy takes effect. Chief executive Charles Sweeney highlighted growth in both margins and the order book over the past 24 months, despite challenging market conditions. Nexus ended the financial year with a reduced cash position of £10.9m after investing in Coleman.
What This Means for Canadian Contractors
This project shows how strategic acquisitions can lead to substantial revenue growth and order book expansion, a lesson for Canadian contractors seeking to enhance their market position. By improving margins and controlling costs, Nexus illustrates effective financial management tactics that could be adopted in the competitive Canadian market. For Canadian builders, this means looking into opportunities for mergers and acquisitions might provide pathways to sustainable growth despite challenging market conditions.
