{"id":6784,"date":"2025-07-23T09:46:55","date_gmt":"2025-07-23T09:46:55","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=6784"},"modified":"2025-07-23T09:46:55","modified_gmt":"2025-07-23T09:46:55","slug":"van-elle-profits-slump-as-canadian-arm-racks-up-losses","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/van-elle-profits-slump-as-canadian-arm-racks-up-losses\/","title":{"rendered":"Van Elle profits slump as Canadian arm racks up losses"},"content":{"rendered":"

Van Elle saw profits tumble last year after a tough market and losses at its Canadian business dragged down group performance.<\/p>\n

The UK\u2019s largest ground engineering specialist posted a pre-tax profit of \u00a34.6m from continuing operations, down from \u00a37.1m last time. Including discontinued operations, total pre-tax profit fell to \u00a33m \u2014 nearly halved from \u00a35.8m in 2024.<\/p>\n

The Canadian rail subsidiary, now classified as a discontinued operation, clocked up a \u00a31.7m pre-tax loss amid continued delays to the Toronto Metrolinx GO Expansion programme. A strategic review of the business is under way and expected to conclude during the current year.<\/p>\n

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Group turnover from continuing operations slipped 6% to \u00a3130.5m, with General Piling revenue down nearly 19% due to weak demand in London\u2019s high-rise residential market and delays linked to the Building Safety Act.<\/p>\n

Chief executive Mark Cutler said: \u201cWhile FY2025 presented challenges, Van Elle succeeded in delivering a resilient performance and continuing to broaden its range of complementary services, both organically and by selective acquisition.\u201d<\/p>\n

Despite the profit drop, the firm kept its total dividend flat at 1.2p and is eyeing big gains in energy markets, predicting revenues of up to \u00a340m a year from this sector by FY2027.<\/p>\n

It also flagged a strong \u00a352.7m order book as of June \u2014 up 50% year-on-year.<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/mxojpuX<\/p>\n","protected":false},"excerpt":{"rendered":"

Van Elle saw profits tumble last year after a tough market and losses at its Canadian business dragged down group performance. The UK\u2019s largest ground engineering specialist posted a pre-tax profit of \u00a34.6m from continuing operations, down from \u00a37.1m last time. Including discontinued operations, total pre-tax profit fell to \u00a33m \u2014 nearly halved from \u00a35.8m […]<\/p>\n","protected":false},"author":1,"featured_media":150,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-6784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=6784"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6784\/revisions"}],"predecessor-version":[{"id":6785,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/6784\/revisions\/6785"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/152"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=6784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=6784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=6784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}