Van Elle warns contract delays to weaken year-end

Piling contractor Van Elle has warned that railway work contract delays will see revenue and margin slip below expectations this year.
In a trading statement this morning, the recently Stock Market listed contractor warned that delayed starts would see revenue for the year to April slide 5% to £93m and operating margins below expectation.
Van Elle’s specialist piling division covering mainly Network Rail work had expected to seal several contracts early this year.
But these