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Van Elle Holdings ( (GB:VANL) ) has provided an announcement.
Van Elle Holdings has announced a trading update for the year ending April 2025, highlighting challenges due to project delays and suppressed trading volumes. The delays, particularly affecting the Rock & Alluvium division and the Canadian operations, have led to a performance below expectations. Despite these challenges, the company has secured large projects in its General Piling division and expects improvements in the housing market and infrastructure spending, providing optimism for FY26.
More about Van Elle Holdings
Van Elle Holdings is the UK’s largest specialist geotechnical engineering contractor, providing a range of ground engineering services such as ground investigation, piling, rail geotechnical engineering, and ground improvement. The company operates through divisions focused on general piling, specialist piling and rail, and ground engineering services, serving diverse markets including residential, infrastructure, and regional construction.
YTD Price Performance: 5.16%
Average Trading Volume: 270,049
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £41.12M
Learn more about VANL stock on TipRanks’ Stock Analysis page.