Van Elle says trading in first quarter of financial year 'encouraging'
StockMarketWire.com - Van Elle confirmed that trading in the first quarter of the financial year was encouraging particularly within the General Piling division and the recently established Scottish operation.
Market and operating conditions in the group's rail business remain more challenging but the Board continues to see this as an area of opportunity for Van Elle over the medium term.
The Board will continue to monitor conditions in its markets closely and, whilst acknowledging the normal seasonality of the business, remains confident in its expectations for the current financial year as well as the long-term potential of the group.
The group continued to strengthen the senior management team with the appointment of Danielle Cafferkey to the role of General Counsel and Company Secretary.
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