Van Elle Holdings PLC AGM Trading Update (4279Q)

TIDMVANL

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 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 12, 2017 02:00 ET (06:00 GMT)