TIDMVP.
Press Release 7 February 2012
Vp plc
("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
November 2011.
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:
Vp plc
Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 400
jeremypilkington@vpplc.com
Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 445
neil.stothard@vpplc.com
Allison Bainbridge, Group Finance Director Tel: +44 (0) 1423 533 445
allison.bainbridge@vpplc.com
Media enquiries:
Abchurch Communications
Sarah Hollins / Mark Dixon Tel: +44 (0) 207 398 7729
mark.dixon@abchurch-group.com www.abchurch-group.com
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
development markets.
Groundforce
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.
Hire Station
Tools and specialist products for industry, construction and home owners.
Torrent Trackside
Infrastructure equipment and services for the railway renewals and maintenance
industry.
TPA
Portable roadway access solutions to the transmission, outdoor events,
construction and utility sectors in the UK, the Republic of Ireland and mainland
Europe.
UK Forks
Rough terrain material handling equipment for the housebuilding, general
construction and industrial markets.
Further information available at www.vpplc.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vp PLC via Thomson Reuters ONE
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