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The latest announcement is out from Van Elle Holdings ( (GB:VANL) ).
Van Elle Holdings reported a 5% decrease in revenue for the first half of the financial year, facing challenging market conditions in sectors like rail and highways, though the new build housing sector showed signs of recovery. The company is making strides in the water and energy sectors and expanding its presence in Canada with new contracts. Despite the revenue dip, the order book has grown, and full-year results are expected to align with market expectations, with profitability anticipated to be higher in the second half of the year.
More about Van Elle Holdings
Van Elle Holdings is the UK’s largest specialist geotechnical engineering contractor, established in 1984 and listed on AIM in 2016. The company offers a comprehensive range of ground engineering services, including ground investigation, piling, rail geotechnical engineering, and ground improvement. It operates through divisions focused on general piling, specialist piling and rail, and ground engineering services, serving diverse markets such as residential, infrastructure, and regional construction.
YTD Price Performance: 4.45%
Average Trading Volume: 159,221
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £41.66M
Learn more about VANL stock on TipRanks’ Stock Analysis page.
