Press Release 7 February 2012
("Vp" or "the Group")
Interim Management Statement
Vp plc, the equipment rental specialist, today provides an update on the
performance of the business since the announcement of its Interim Results on 29
Whilst the overall economic background remains difficult, we are pleased to
report that the Group continues to make good progress. The business units have
experienced generally stable trading conditions across the diverse range of
markets which they serve.
In particular, trading in the housebuild, rail, infrastructure and oil and gas
sectors has held up well and we have continued to invest in opportunities in
these sectors as they have arisen. By contrast, the general construction
environment remained subdued.
Across the Group our focus remains on optimising the performance of our existing
specialist activities and utilising our financial strength in support of our
market leading businesses.
Although the outlook for the economy remains uncertain, the Group has traded
well through the winter period and as a result we expect to report full year
profits moderately ahead of current market expectations.
- Ends -
For further information please contact:
Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 400
Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 445
Allison Bainbridge, Group Finance Director Tel: +44 (0) 1423 533 445
Sarah Hollins / Mark Dixon Tel: +44 (0) 207 398 7729
Notes to editors:
Vp plc is a specialist rental business providing products and services to a
diverse range of markets including civil engineering, rail, oil and gas
exploration, construction, outdoor events and industry, primarily within the UK,
but also overseas.
The Group is focused on six businesses:
Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas exploration and
Excavation support systems and specialist products for the water, civil
engineering and construction industries primarily in the UK, but also in the
Republic of Ireland and mainland Europe.
Tools and specialist products for industry, construction and home owners.
Infrastructure equipment and services for the railway renewals and maintenance
Portable roadway access solutions to the transmission, outdoor events,
construction and utility sectors in the UK, the Republic of Ireland and mainland
Rough terrain material handling equipment for the housebuilding, general
construction and industrial markets.
Further information available at www.vpplc.com
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Source: Vp PLC via Thomson Reuters ONE