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(Sharecast News) - AIM-listed ground engineering contractor Van Elle warned on profits on Monday as it said the challenging trading conditions experienced throughout FY2025 continued into the new financial year.
In an update for the year ending 30 April 2026, it said the expected improvement across its core sectors is "yet to materialise, attributable to spending constraints and delays to contract starts across all sectors, particularly related to Building Safety Act ('BSA') approvals for high-rise residential buildings".
As a result, year-to-date revenues have not risen as expected and full-year trading and profitability is expected to be "materially" below market expectations, and below the prior year.
Van Elle said the medium-term outlook remains "very positive", with significant opportunities in the growing energy and water sectors, where good early progress is being made.
The company said it continues to maintain a strong order book of £47.3m at 31 July 2025, up from £41.5 at 30 April.
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