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Van Elle Holdings ( (GB:VANL) ) just unveiled an announcement.
Van Elle Holdings PLC reported a resilient performance for the six months ending October 31, 2024, despite challenging market conditions. The company’s revenue decreased by 4% to £65.2 million, while underlying profit before tax stood at £2.1 million. Strategic acquisitions, such as Albion Drilling Group, expanded its capabilities in Scotland and the energy sector. The company faced delays due to the Building Safety Act and macroeconomic conditions but has shown signs of recovery in the housing sector and increased activity in its Specialist Piling and Rail divisions. With a strong order book and strategic partnerships in place, Van Elle is well-positioned for future growth in attractive sectors like energy and water.
More about Van Elle Holdings
Van Elle Holdings is the UK’s largest specialist geotechnical engineering contractor, providing a range of ground engineering techniques and services, including ground investigation, piling, rail geotechnical engineering, and ground improvement. The company operates through three divisions: General Piling, Specialist Piling and Rail, and Ground Engineering Services, focusing on diverse end markets such as residential, housing, infrastructure, and regional construction.
YTD Price Performance: 4.05%
Average Trading Volume: 341,760
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £42.2M
Find detailed analytics on VANL stock on TipRanks’ Stock Analysis page.
