Van Elle Holdings (VANL)

  • Change Today:
  • 52 Week High: 51.00
  • 52 Week Low: 35.00
  • Currency: UK Pounds
  • Shares Issued: 106.67m
  • Volume: 0
  • Market Cap: £50.13m
  • RiskGrade: 163
  • Beta: 0.54

Van Elle's Q4 performance benefits from easing of Covid-19 restrictions

By Iain Gilbert

Date: Friday 11 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Ground engineering contractor Van Elle said on Friday that trading during the fourth quarter continued to improve amid the easing of Covid-19 restrictions, with strong performances in March and April and exit rate revenues returning to pre-pandemic levels.
Van Elle stated it was "encouraged" that the increased level of activity had continued into the new financial year but highlighted that it remained mindful of industry-wide supply chain pressures which were, in some instances, impacting material costs and availability.

The AIM-listed firm said most divisions had seen "a strong recovery in activity levels" and were operating at near capacity in the last two months of the trading year.

Strata, the group's earliest cycle business, and a positive leading indicator for the other divisions saw strong tendering and activity levels through the period end, while ScrewFast, acquired on 1 April, was said to be "integrating well" and has made a "positive start" since the acquisition, particularly in the highways sector.

As a result of the solid end to the trading year, revenue for the period was now expected to be roughly £85.0m, broadly flat year-on-year, with the group also expecting an adjusted pre-tax loss slightly ahead of consensus forecasts.

As of 0845 BST, Van Elle shares were up 5.25% at 48.94p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.


VANL Market Data

Currency UK Pounds
Share Price 47.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 51.00
52 Week Low 35.00
Volume 0
Shares Issued 106.67m
Market Cap £50.13m
Beta 0.54
RiskGrade 163

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VANL Dividends

  Latest Previous
  Final Interim
Ex-Div 05-Sep-19 14-Feb-19
Paid 27-Sep-19 06-Mar-19
Amount 1.00p 1.00p

Trades for --2021

Time Volume / Share Price
0 @ 0.000p

VANL Key Personnel

CEO Mark Cutler
CFO Graeme Campbell

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