TIDMVANL

RNS Number : 9798M

Van Elle Holdings PLC

27 September 2021

Van Elle Holdings plc

('Van Elle', the 'Company' or the 'Group')

AGM Statement

Van Elle Holdings plc (AIM: VANL), the UK's largest ground engineering contractor, is pleased to provide an update ahead of the Annual General Meeting of the Company being held at 12.30 p.m. today.

The Group's positive start to FY2022 has continued since the date of its final results announcement on 17 August 2021, with strong revenues being achieved across most divisions. The medium-term outlook for Rail remains positive, with increased tendering opportunities and a steady increase in contract activity.

The Group has continued to experience the effects of industry-wide supply chain challenges and short term employee availability but, despite this, has continued to trade profitably.

The balance sheet provides significant headroom for growth and the Board continues to expect a return to profitability for the full year, in line with market expectations.

For further information, please contact:

 
 Van Elle Holdings plc                       Via Walbrook 
  Mark Cutler, Chief Executive Officer 
  Graeme Campbell, Chief Financial Officer 
 
 Peel Hunt LLP (Nominated Adviser and        Tel: 020 7418 8900 
  corporate broker) 
  Mike Bell / Ed Allsopp 
 
 Walbrook PR Limited                         Tel: 020 7933 8780 
                                              or vanelle@walbrookpr.com 
 
 Tom Cooper / Nick Rome / Nicholas Johnson   07971 221 972 or 07748 
                                              325 236 or 07884 664 
                                              686

About Van Elle Holdings plc:

Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. The Company provides a range of ground engineering techniques and services including - ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.

Van Elle operates through three divisions: general piling, specialist piling and ground engineering; and is focused on three end markets: residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 35 years.

General piling provides a range of larger piling and ground engineering solutions for open-site construction projects. Specialist piling provides a range of geotechnical solutions in operationally constrained environments including on-track rail applications. Ground engineering services offers a range of ground investigation and geotechnical services and modular foundation solutions such as Smartfoot(R). Van Elle has a market-leading reputation and the UK's largest rig fleet of 115 rigs.

Having floated on AIM in 2016 it now has a strong national presence, diversified offering and market-leading brand name.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

AGMSEDFFMEFSESU

(END) Dow Jones Newswires

September 27, 2021 02:00 ET (06:00 GMT)

Van Elle (LSE:VANL)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Van Elle.
Van Elle (LSE:VANL)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Van Elle.