REG - Vp PLC - Trading Update & Notice of Interim Results

VPAnnouncement

11/10/2023 07:00

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RNS Number : 6804P  Vp PLC  11 October 2023

   11 October 2023

Vp plc

('Vp' or the 'Group')

 

Trading Update & Notice of Interim Results

 

Vp plc, the equipment rental specialist, today provides a trading update for
the six months ended 30 September 2023 ('H1 2024' or 'the period').

 

The Group as a whole continued to trade resiliently in the period against a
backdrop of challenging macro-economic conditions impacting certain end
markets.

 

UK

Within the Group's UK businesses, infrastructure, including water,
transmission and rail, continues to perform well, with longer-term regulatory
programmes proving supportive. Housebuilding demand remains subdued but
stable. General construction remains challenging.

 

International

The Group's overseas businesses continue to trade well at levels ahead of H1
2023 and the Board expects end markets to positively impact the current
financial year.

 

Commenting on current trading, Anna Bielby, Chief Executive of Vp, said "We
have delivered a solid performance in the period and are confident that we
will continue to achieve our objective of driving demand for our products and
services. With our strong financial position, we have an excellent track
record of successfully navigating volatility in our core markets. We continue
to closely monitor the impact of weaker markets in housebuilding and general
construction; however, we remain confident that the Group will continue to
provide shareholders with an attractive level of returns."

 

Notice of Interim Results

 

The Group will announce its Interim Results for the six months ended 30
September 2023 on Tuesday, 28 November 2023.  There will be an 'in person'
meeting for sell-side analysts at 9.30am on the day of results, hosted by
Jeremy Pilkington (Chairman) and Anna Bielby (Chief Executive).  Please
contact Buchanan at Vp@buchanan.uk.com (mailto:Vp@buchanan.uk.com) if you
would like to attend the meeting.

 

- Ends -

 

For further information:

 Vp plc                        Tel: +44 (0) 1423 533 400
 Jeremy Pilkington, Chairman   www.vpplc.com (http://www.vpplc.com)
 Anna Bielby, Chief Executive

 

 Media enquiries:
 Buchanan
 Henry Harrison‐Topham / Jamie Hooper / George Beale    Tel: +44 (0) 20 7466 5000
 Vp@buchanan.uk.com                                     www.buchanan.uk.com (http://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 energy markets, both in the UK and overseas.

 

The Group comprises a UK and an International division:

 

UK

 

Groundforce

A market leading rental and design provider of excavation support systems and
specialist products to the water, civil engineering and construction
industries with operations in the UK, the Republic of Ireland and mainland
Europe.

 

Brandon Hire Station

The leading provider of tools and specialist rental products to industry,
construction and home owners across the UK.

 

ESS

The leading specialist provider of safety, survey, communications and test
& measurement equipment rental in the UK.

 

MEP Hire

The UK's largest provider of mechanical and electrical press fittings and low
level access platforms to the construction, fit out, mechanical and electrical
markets.

 

Torrent Trackside

Specialist suppliers of rail infrastructure portable plant and related
trackside services to Network Rail, London Underground and their appointed
track renewal, maintenance and project contractors.

 

TPA

One of Europe's largest suppliers of temporary access solutions.  Operating
from bases in the UK and Germany, TPA provides portable roadways and temporary
access solutions to customers in the transmission, construction, rail and
outdoor events markets.

 

UK Forks

One of the UK's leading specialist hirers of telescopic handlers. The products
and services are utilised by its customers to improve safety and productivity
on construction and housebuilding sites across the UK.

 

International

 

Airpac Rentals

An international business supporting a wide range of oil and gas markets,
servicing well test, pipeline testing, rig maintenance and LNG markets
worldwide.

 

TR Group

Australasia's leading technical equipment rental group providing test and
measurement, communications, calibration and audio visual solutions in
Australia, New Zealand and South East Asia.

 

Further information is available at www.vpplc.com/investors
(http://www.vpplc.com/investors)

 

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