Interim Management Statement

15 Aug 2007 07:01

Vp PLC15 August 2007 Press Release 15 August 2007 Vp plc ("Vp" or "the Group") Interim Management Statement Vp plc, the equipment rental specialist, issues the following Interim ManagementStatement for the quarter ended 30 June 2007 in accordance with the newDisclosure and Transparency requirements of the UK Listing Authority. The current financial year has started strongly, with performance comfortablyahead of management expectations and prior year. Vp serves a diverse range of markets. The construction, civil engineering andhousebuilding sectors in particular have experienced high levels of demandthroughout the period, supported by remediation work and the water utility AMP4investment programme. The Cool Customers business acquired for £1.0m on 18 April 2007 has integratedwell into Hire Station's Climate Hire operation and is performing ahead ofexpectations at this early stage. We also announced the acquisition on 6 August2007 of the business and assets of ET Hire Limited's tool hire operations inScotland for a consideration of £1.1m. The supportive trading conditions have continued into the second quarter and weexpect to be able to report further progress in due course. - Ends - For further information please contact: Vp plcJeremy Pilkington, Chairman Tel: +44 (0) 1423 533 405jeremypilkington@vpplc.com www.vpplc.com Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 445neil.stothard@vpplc.com Mike Holt, Group Finance Director Tel: +44 (0) 1423 533 445mike.holt@vpplc.com Media enquiries: Abchurch CommunicationsJustin Heath/ Emma Johnson Tel: +44 (0) 113 203 1340Justin.heath@abchurch-group.com www.abchurch-group.com Notes to editors About Vp The principal activity of the Group is equipment rental and associated servicesalmost entirely conducted within the UK. Vp plc listed on the London StockExchange in 1973. The Group is focused on six businesses: Hire Station Tools and specialist products for industry, construction and home owners. TPA Portable roadway systems, bridging, fencing and barriers primarily to the UKmarket, but also in the Republic of Ireland and mainland Europe. Torrent Trackside Infrastructure equipment and services for the railway renewals and maintenanceindustry. Groundforce Excavation support systems and specialist products for the water, civilengineering and construction industries. UK Forks Rough terrain material handling equipment for industry, residential and generalconstruction. Airpac Bukom Oilfield Services Equipment and service providers to the international oil and gas exploration anddevelopment markets. This information is provided by RNS The company news service from the London Stock Exchange