REG - Van Elle Holdings - Trading Update

Van Elle HoldingsAnnouncement

22/09/2025 07:00

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RNS Number : 2177A  Van Elle Holdings PLC  22 September 2025

 

Van Elle Holdings plc

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

 

Trading Update

 

Van Elle Holdings plc, the UK's largest ground engineering contractor,
provides the following trading update for the year ending 30 April 2026 (FY26)
ahead of its Annual General Meeting on 25 September 2025.

 

As commented on in its results announcement on 23 July 2025, challenging
trading conditions experienced throughout FY2025 continued into the new
financial year.  The expected improvement across the Group's core sectors is
yet to materialise, attributable to spending constraints and delays to
contract starts across all sectors, particularly related to Building Safety
Act ('BSA') approvals for high-rise residential buildings.

 

Due to these factors, year to date revenues have not increased as anticipated
and consequently, full year trading and profitability is expected to be
materially below market expectations, and below the prior year.

 

The medium-term outlook remains very positive, with significant opportunities
in the growing energy and water sectors, where good early progress is being
made. The Group continues to maintain a strong order book of £47.3m at 31
July 2025 (30 April 2025: £41.5m).

 

The Company will provide a trading update for the six months ending 30 October
2025 in early December.

 

 

Certain information contained in this announcement would have constituted
inside information (as defined by Article 7 of Regulation (EU) No 596/2014),
as it forms part of domestic law by virtue of the European Union (Withdrawal)
Act 2018) ("MAR") prior to its release as part of this announcement and is
disclosed in accordance with the Company's obligations under Article 17 of
those Regulations.

 

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 Joint Broker)            Tel: 020 7418 8900

 Ed Allsopp

 Charlotte Sutcliffe

 Tom Graham

 Dowgate Capital Limited (Joint Broker)                        Tel: 020 3903 7715

 James Serjeant

 Nicholas Chambers

 Walbrook PR Limited                                           Tel: 020 7933 8780

                                                               or vanelle@walbrookpr.com
 Tom Cooper                                                    07971 221 972

 Nick Rome                                                     07748 325 236

 

 

About Van Elle Holdings plc:

 

Van Elle Holdings is the UK's largest specialist geotechnical engineering
contractor. Formed in 1984 and listed on AIM in 2016, the Company provides a
wide 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 Rail, and Ground Engineering Services; and is focused on diverse end
markets including residential and housing, infrastructure and regional
construction - across which the Group has completed more than 20,000 projects
over the last 35 years.

 

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