Trading Update

RNS Number : 2594R

Van Elle Holdings PLC

08 December 2016

 

8 December 2016

Van Elle Holdings plc

("Van Elle" or "the Group")

Trading update for the six months ended 31 October 2016

Van Elle, the geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, is issuing the following trading update ahead of announcing interim results for the six months ended 31 October 2016 on 19 January 2017.

The Board is pleased to report that trading in the period was in line with its expectations, with high levels of enquiries and an order book as at 1 November 2016 ahead of the start of the period. This positions the Group well as it enters the second half, which is traditionally the busier period and includes work in the Specialist Piling division scheduled over the Christmas holidays and a number of anticipated contract awards and starts in the new calendar year.

The Board remains confident in its expectations for the current financial year and continues to believe the Group is well positioned to take advantage of attractive growth opportunities over the medium term.

Enquiries:

Van Elle Holdings plc	017 7358 0580
Jon Fenton, Chief Executive Officer
Paul Pearson, Chief Financial Officer
Instinctif Partners (Financial Public Relations)	020 7457 2020
Mark Garraway
Rosie Driscoll
Peel Hunt LLP (Nominated Adviser and corporate broker)	020 7418 8900
Charles Batten
Mike Bell Justin Jones

 

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