Last checked at 27 Sep 2018 07:00
| Press Release
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| 27 September 2018
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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 as it enters its close period.
The positive start to the new financial year has been maintained throughout the summer trading period and the Group has continued to make good progress.
The UK division has further developed in the period as our core infrastructure, construction and housebuilding sectors remain supportive. The Brandon Hire business is integrating well into the Group's combined tool hire operation and is performing to expectations.
Within the International division, the oil and gas related activities have seen some modest upturn as the market slowly recovers. Our test and measurement business in the Asia Pacific region, TR Group, has enjoyed a positive first half trading, delivering valuable year on year growth.
Trading in the current financial year remains in line with the Board's expectations.
Notice of Results
The Group confirms that it will announce its Interim Results for the six months ending 30 September 2018 on Tuesday 27 November 2018. An analyst briefing given by Jeremy Pilkington (Chairman), Neil Stothard (Chief Executive) and Allison Bainbridge (Group Finance Director), will be held at 09.30hrs on Tuesday, 27 November 2018 at the offices of Buchanan (107 Cheapside, London, EC2V 6DN).
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For further information:
| Vp plc |
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| Jeremy Pilkington, Chairman | Tel: +44 (0) 1423 533 400 | |
| Neil Stothard, Chief Executive | www.vpplc.com | |
| Allison Bainbridge, Group Finance Director |
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| Media enquiries: |
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| Buchanan |
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| Henry Harrison-Topham / Jamie Hooper / Madeleine Seacombe | Tel: +44 (0) 20 7466 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.
Hire Station & Brandon Hire
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