Analyst Briefing and Investor Presentation
Van Elle Holdings plc, the UK’s largest ground engineering contractor, announces its unaudited interim results for the six months ended 31 October 2024 (the ‘Period’).
(1) Underlying EBITDA is defined as earnings before interest, tax, depreciation and amortisation.
(2) IFRS 16 property and vehicle lease liabilities as at 31 October 2024 were £7.4m (31 October 2023: £7.0m).
Period Highlights
Outlook
(1) Company compiled analyst consensus for FY2025 underlying profit before tax is £6.0m.
Mark Cutler, Chief Executive, commented:
“The Group has faced another challenging period, however, it has continued to make significant strategic progress, positioning Van Elle in attractive end markets and strengthening its core offering to deliver for clients. We have been focussed on driving operational efficiencies and have a right-sized cost base, appropriate to the current levels of demand.
“The acquisition of Albion Drilling has accelerated our expansion into both Scotland and the Energy sector and broadened our specialist capabilities, while Specialist Piling activity levels notably increased in the Period. The Group as a whole has continued to secure a solid pipeline of future work, including several targeted key contract wins. Alongside the increase in volumes experienced in our Housing Division, our other key markets are expected to continue improving over the coming months, and coupled with a strong order book, we remain confident in delivering a full year performance in line with market expectations.”
Analyst Briefing: 10.00am on Wednesday 29 January 2025
An online briefing for Analysts will be held at 10.00am today. Analysts interested in attending should contact Walbrook PR on vanelle@walbrookpr.com or 020 7933 8780.
Investor Presentation: 3.30pm on Wednesday 29 January 2025
Mark Cutler, Chief Executive Officer, and Graeme Campbell, Chief Financial Officer, will hold a presentation to review the results and outlook at 3.30pm today. The presentation will be hosted through the digital platform Investor Meet Company.
Investors can sign up to Investor Meet Company for free and add to meet Van Elle Holdings plc via the following link https://www.investormeetcompany.com/van-elle-holdings-plc/register-investor. Investors who have already registered and added to meet the Company will automatically be invited.
Questions can be submitted pre-event to vanelle@walbrookpr.com or in real time during the presentation via the "Ask a Question" function.
The full announcement is available here: https://www.londonstockexchange.com/news-article/VANL/interim-results-analyst-briefing-investor-pres/16873933
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Joseph Walker
Associate
D: +44 (0)20 7933 8780
75 King William Street
London EC4N 7BE