Today, Wednesday 24th July, we announced our financial results for the year ending 30th April 2024.
We reported a revenue of £139.5 m, in line with expectations and 6% below the prior year, reflecting a strong comparative period (12% lower on a like-for-like basis).
Despite challenging market conditions, we delivered a resilient performance with an underlying operating margin of 3.9%, consistent with the previous year.
Mark Cutler, Chief Executive, commented: “Van Elle delivered a resilient performance in the year, benefitting from the breadth of its capabilities and end markets, despite very challenging market conditions across most sectors.
“The Group has continued to expand its offering, grow geographically and enter new sectors, through the acquisition of Rock & Alluvium, its strategy for the water and energy sectors, and the establishment of rail operations in Canada.
“We start the new financial year with a strong order book and multiple framework agreements. Our focus on key customer partnerships and strategic markets is expected to deliver significant growth opportunities over the medium term.”
For the full results and investor presentation, visit our investor page.