{"id":601139,"date":"2023-01-25T02:12:00","date_gmt":"2023-01-25T08:12:00","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/01\/25\/van-elle-soars-to-record-revenue-in-first-six-months\/"},"modified":"2023-01-25T02:12:00","modified_gmt":"2023-01-25T08:12:00","slug":"van-elle-soars-to-record-revenue-in-first-six-months","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/01\/25\/van-elle-soars-to-record-revenue-in-first-six-months\/","title":{"rendered":"Van Elle soars to record revenue in first six months"},"content":{"rendered":"
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The house building market delivered strong demand, resulting in 38% of total revenue, while infrastructure and general construction markets also continued to show good growth, with improving order levels and contract activity.<\/p>\n

This trading improvement lifted pre-tax profit to \u00a33.3m from \u00a31.9m a year before.<\/p>\n

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Chief executive Mark Cutler said that while house building was now facing challenges, Van Elle<\/span> was benefitting from improved future work visibility, primarily due to being appointed to several frameworks.<\/p>\n

The Rail division was engaged on multiple frameworks including the Core Valley Lines and TransPennine Route Upgrade.<\/p>\n

Van Elle also expects to be increasingly involved in support of HS2 phase 1 work, which has helped the directly employed group workforce swell to nearly 660.<\/p>\n

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Cutler said:<\/span>\u00a0\u201c<\/span>While there remains significant macroeconomic uncertainty, most of the group\u2019s core markets continue to show a positive outlook. <\/span><\/p>\n

\u201cThe house building sector is expected to deliver lower volumes in the short term, however, the infrastructure sector is forecasting modest growth.<\/span><\/p>\n

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\u201cWhile this might impact overall volumes through the second half the year, the group should benefit from a positive mix of higher margin work delivered.\u201d<\/span><\/p>\n

He added that r<\/span>aw material supply chain disruption moderated, with improved stability of input prices and better availability of raw materials. <\/span><\/p>\n

Although he warned inflationary pressures on Van Elle\u2019s cost base had continued and were likely to persist in the short term.<\/span><\/p>\n

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Read More<\/a>
\n Aaron Morby<\/p>\n","protected":false},"excerpt":{"rendered":"

The house building market delivered strong demand, resulting in 38% of total revenue, while infrastructure and general construction markets also continued to show good growth, with improving order levels and contract activity. This trading improvement lifted pre-tax profit to \u00a33.3m from \u00a31.9m a year before. Chief executive Mark Cutler said that while house building was […]<\/p>\n","protected":false},"author":1,"featured_media":601140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[534,3543,28764],"tags":[],"class_list":{"0":"post-601139","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-financial","8":"category-record","9":"category-soars"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/601139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=601139"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/601139\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/601140"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=601139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=601139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=601139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}