Van Elle’s FY24 profit (April y/e) is expected to be in line with market expectations, confirming a resilient performance during tough market conditions. Aligning to the figures in today’s statement, we increase FY24 revenue by 1% to £140m and net cash (ex. leases) by 27% to £5.5m, with underlying PBT unchanged at £5.0m. We continue to believe Van Elle has substantial growth opportunities in sectors such as energy, water and rail (including internationally), as well as being well positioned to b ....
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22 May 2024
Van Elle Holdings plc (VANL LN) - FY24 profit in line, net cash ahead
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Van Elle Holdings plc (VANL LN) - FY24 profit in line, net cash ahead
Van Elle Holdings Plc (VANL:LON) | 37.0 0 0.0% | Mkt Cap: 39.5m
- Published:
22 May 2024 -
Author:
Andy Hanson | Carl Smith, CFA -
Pages:
8 -
Van Elle’s FY24 profit (April y/e) is expected to be in line with market expectations, confirming a resilient performance during tough market conditions. Aligning to the figures in today’s statement, we increase FY24 revenue by 1% to £140m and net cash (ex. leases) by 27% to £5.5m, with underlying PBT unchanged at £5.0m. We continue to believe Van Elle has substantial growth opportunities in sectors such as energy, water and rail (including internationally), as well as being well positioned to b ....