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Van Elle Holdings warns profits will drop sharply in 2026 due to project delays and tight spending, despite order book growth.
Van Elle Holdings PLC has issued a second profit warning for the year ending April 2026, citing ongoing delays in contract starts and tight spending across all sectors, particularly due to prolonged Building Safety Act approvals affecting high-rise residential projects.
Despite a 14% increase in its order book to £47.3 million by July, the company expects full-year profits to fall significantly below market expectations and the prior year, with revenue growth failing to materialize.
The firm remains optimistic about medium-term opportunities in energy and water, with a half-year trading update expected in December.
Its shares dropped 12% to 32.50 pence on the news.
Van Elle Holdings advierte que las ganancias caerán bruscamente en 2026 debido a retrasos en los proyectos y al gasto ajustado, a pesar del crecimiento de la cartera de pedidos.