UK's Van Elle H1 profit dips on Building Safety Act delays

Van Elle Holdings

26/01/2026 07:11

Overview

UK ground engineering contractor's H1 revenue rose 16% yr/yr to £73.4 mln

Underlying profit before tax for H1 fell to £1.9 mln from £2.2 mln

Company completed disposal of Van Elle Canada in December 2025

Outlook

Order book increased 8% to £44.9m as of 31 October 2025

Company expects £40m annual revenue from energy sector frameworks by FY28

Residential sector recovery expected, supported by government housing initiatives

Result Drivers

REVENUE GROWTH - Revenue increased 16% to £73.4 mln, driven by General Piling and Specialist Piling & Rail segments

SECTOR CHALLENGES - Building Safety Act delays impacted high-rise residential projects, affecting revenues in London

ENERGY AND WATER STRENGTH - Strengthened position in energy and water sectors, completing 150th high-voltage substation project

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
GBP 73.40 mln
H1 Basic EPS
GBP 0.01
H1 EBIT
GBP 1.80 mln
H1 Pretax Profit
GBP 1.70 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Van Elle Holdings PLC is GBP53.50, about 46.6% above its January 23 closing price of GBP36.50

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nRSZ2692Qa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)