Van Elle Holdings (GB:VANL) has released an update.
Van Elle Holdings, the UK’s largest ground engineering contractor, reports its full year revenue to be £140m, nearly 6% lower than the previous year, aligning with market expectations amidst challenging housing and infrastructure sectors. Despite a decrease in net cash, the company maintains a strong balance sheet and unused funding facilities, and has seen profitable integration of recently acquired Rock & Alluvium. With expectations of sector recovery, strategic growth in water and energy, and new cost-saving measures, Van Elle is poised for future opportunities, including significant rail infrastructure projects in Canada.
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