19th May 2022

Van Elle Trading Update

Investors trading update

On Tuesday 17 May, we issued a trading update ahead of our latest full year results (year ending 30 April 2022), which will be announced on 3 August.

In summary:

  • Revenue was up 48% on last year at £125m, which is a record for Van Elle. Around £8m of this was the impact of ScrewFast who joined the Group last April
  • Our debt is down to the lowest level since becoming a public company at only £1.1m and cash at the end of April was £7.0m. We also have £11m of undrawn facilities available
  • Our order book remains at £39m, not yet including recent important contract awards such as an £8m energy plant in the midlands, or future works under the 10-year Smart Motorway alliance framework which we have now signed

Mark Cutler, Chief Executive Officer, and Graeme Campbell, Chief Financial Officer, will hold a presentation over Investor Meet Company to review the results and outlook at 3.30pm on 3 August 2022.

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.