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Van Elle first-half revenue hits record £81m

Van Elle first-half revenue hits record £81m

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Van Elle first-half revenue hits record £81m
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The near 50% jump in revenue has put the business on track to hit £450m revenue by the end of the year. Growth in revenues was supported by maintaining the firm’s operating margin close to target levels at 2.9% – again driven by the London business. This helped interim pre-tax profit to more than double to £5.5m from £1.9m previously. The specialist M&E contractor’s order book rose 17% to £586m putting it on track for a bumper year. Mark Lawrence, chief executive, said “With the cu...
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Over the period to June, Henry Boot raised revenue 12% to £144m, generating a 68% uplift in pre-tax profit to £39m, due mainly to strong residential land sales and industrial development activity. The construction arm also enjoyed a good start to the year with revenue ahead by over a fifth at £67m and trading profit up nearly a half to £6.3m. Boot said virtually all of this year’s construction order book has fixed price orders placed or contractual inflation clauses. Tim Roberts, chief e...
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Delivering an operating margin of 3.5%, pre-tax profit climbed to £3.6m in the year to April 2022, after a loss of £1.4m previously. Mark Cutler, chief executive, said there had been a strong rebound across all sectors, although price inflation across the spectrum had impacted margins. “These results are the first to reflect a full year’s trading post-Covid and demonstrate the positive progress the group is making under its transformation strategy launched in 2019. “Although the secto...
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The firm has benefited from rising orders and ploughed available cash into stockpiling steel to mitigate sharp hikes in steel prices. Chief executive Mark Smith said Billington had a strong start to the year and invested heavily in new machinery and forward ordering steel to protect the firm and its customers. Revenue over the first six months rose 22% to £46m generating a 71% hike in pre-tax profit to £1.3m. Smith said orders from online retailers, energy from waste plants, data and film in...
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