AGM Trading Update

RNS Number : 4279Q

Van Elle Holdings PLC

12 September 2017

 

12 September 2017

Van Elle Holdings plc

("Van Elle" or the "Group")

AGM trading update

Van Elle, the geotechnical engineering contractor offering a wide range of specialist foundation solutions and techniques to customers in a variety of UK construction end markets, is issuing the following trading update ahead of its Annual General Meeting, to be held later today.

The Board wishes to confirm that trading in the first quarter of the financial year has been encouraging, with good levels of activity across the Group, particularly within the General Piling division and the recently established Scottish operation. Market and operating conditions in the Group's rail business remain more challenging but the Board continues to see this as an area of opportunity for Van Elle over the medium term. The Board will continue to monitor conditions in its markets closely and, whilst acknowledging the normal seasonality of the business, remains confident in its expectations for the current financial year as well as the long-term potential of the Group.

The Group has continued to strengthen the senior management team with the appointment of Danielle Cafferkey to the role of General Counsel and Company Secretary.

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
James Gray
Rosie Driscoll
Peel Hunt LLP (Nominated Adviser and corporate broker)	020 7418 8900
Charles Batten
Mike Bell
Justin Jones

 

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