Revenue and profit are up at Van Elle, the Nottinghamshire-headquartered ground engineering contractor, with its core markets recovering strongly following the relaxation of pandemic related restrictions.
According to interim results for the six months ended 31 October 2021, revenue rose to £60.1m, up from £38.3m in the same period of 2020 and £48.5m in 2019.
Pre-tax profit meanwhile grew to £1.9m, from a £0.7m loss in 2020 and a £0.9m profit in 2019.
Mark Cutler, Chief Executive, said: “I’m delighted that Van Elle has continued to deliver a strong recovery from the pandemic, despite supply chain and labour pressures.
“Our core markets have seen strong demand with all divisions operating at increased utilisation levels throughout the Period. This demand for our services has continued into the third quarter, and we are particularly encouraged by the improved opportunities in our Rail division.
“We remain optimistic that the improved levels of demand in our core markets will remain strong for the remainder of the financial year and into the medium term. As a result, we expect the trading performance for the full year to be ahead of our previous expectations.”
