Van Elle Holdings - Trading Update

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.

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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.