Vp PLC Trading Update and Notice of Interim Results (2157O)
01 Ottobre 2019 - 8:00AM
UK Regulatory
TIDMVP.
RNS Number : 2157O
Vp PLC
01 October 2019
Press Release 1 October 2019
Vp plc
('Vp' or the 'Group')
Trading Update and Notice of Interim Results
Vp plc, the equipment rental specialist, is pleased to provide
the following trading update.
The Group has continued to make progress against a more subdued
market backdrop.
UK
Infrastructure demand has held up well despite the anticipated
completion of the five-year capital investment plans in both the
water and rail markets. We are now in the final year of the AMP 6
water programme with AMP 7 scheduled to commence in April 2020 and,
in the rail sector, the new CP6 spending period commenced in August
2019.
Residential construction remains competitive but volumes have
been sustained. The general construction sector has demonstrated
some lack of confidence, particularly in London and the South East,
however throughout the rest of the UK demand has proven stable.
The integration of Brandon Hire, acquired by the Group in
November 2017, was successfully completed during the first half of
the financial year and the renamed Brandon Hire Station is now
firmly established as the UK's leading tool hire specialist.
International
The International division experienced a softer start to the
financial year but more recently we have seen an increase in
activity in both our petrochemical and our test and measurement
businesses.
Group
Whilst the UK and International markets within which the Group
operates are stable, rather than experiencing growth, we remain
confident of delivering full year results in line with the Board's
expectations.
Notice of Interim Results
The Group will announce its Interim Results for the six months
ended 30 September 2019 on Wednesday, 4 December 2019. An analyst
briefing given by Jeremy Pilkington (Chairman), Neil Stothard
(Chief Executive) and Allison Bainbridge (Group Finance Director),
will be held at 0930hrs on Wednesday, 4 December 2019 at the
offices of Buchanan, 107 Cheapside, London, EC2V 6DN.
- Ends -
For further information:
Vp plc
Jeremy Pilkington, Chairman Tel: +44 (0) 1423
533 400
Neil Stothard, Chief Executive www.vpplc.com
Allison Bainbridge, Group Finance Director
Media enquiries:
Buchanan
Henry Harrison-Topham / Jamie Hooper / Tilly Tel: +44 (0) 20 7466
Abraham 5000
Vp@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Vp plc is a specialist rental business providing products and
services to a diverse range of markets including infrastructure,
construction, housebuilding and oil and gas, both in the UK and
overseas.
The Group comprises a UK and an International division:
UK
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.
Brandon 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.
International
Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas
exploration and development markets.
TR Group
Specialist rental of test & measurement, communications and
audio visual equipment in Australia, New Zealand and Malaysia.
Further information is available at www.vpplc.com/investors
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END
MSCLMMATMBJJBFL
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