Engineering firm issues profit warning despite record order book
Nottinghamshire geotechnical engineering company Van Elle has issued its second profit warning of the year after being hit by delays in contract awards and start dates.
The company says it has experienced "a level of uncertainty" in its markets and is looking at revenues being 3% lower than expected for the year-ending 30 April, and profits "slightly below" the lower end of its forecasts.
Van Elle says it is addressing the "weaknesses" in its piling division and will appoint a new director in June. Revenue recovered in Q4, the c... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...