Last checked at 28 Sep 2016 07:00
For immediate release | 28 September 2016 |
Vp plc
('Vp' or the 'Group')
Trading Update
Capital Markets Day
Notice of Interim Results
Trading Update
Vp plc, the equipment rental specialist, is pleased to provide the following trading update as it enters its close period.
The Group has maintained its positive start to the financial year with good progress made in the majority of its markets.
The UK division has enjoyed healthy trading within the construction and housebuilding sectors, supported by solid demand from the infrastructure markets, and is delivering good year on year growth.
Within the International division, TR Group which we acquired in April 2016, is integrating well within the overall Group and trading in line with our expectations. The oil and gas sector remains challenging.
Overall Vp is trading well and we continue to anticipate making further good progress in the year.
Capital Markets Day
Vp plc is hosting an investor presentation today at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN. There will be no new material information included in the presentation.
Notice of Interim Results
The Group confirms that it will announce its Interim Results for the six months ending 30 September 2016 on Tuesday 29 November 2016. An analyst briefing given by Jeremy Pilkington (Chairman), Neil Stothard (Chief Executive) and Allison Bainbridge (Group Finance Director), will be held at 09.30am on Tuesday 29 November 2016, at the offices of Buchanan.
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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 / Jane Glover | 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
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 and tracked access platforms 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 to a breadth of markets including electrical, telecommunications, manufacturing, construction, defence, oil and gas, mining, and government in Australia, New Zealand and Malaysia.
Further information is available at www.vpplc.com/investors