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RNS Number : 8367A  Vp PLC  17 April 2026

 

17 April 2026

Vp plc

("Vp", or the "Group")

 

Trading update

 

Disciplined performance and continued strategic progress, positioning Vp for
long-term growth

 

Vp plc, the specialist equipment rental business, today issues a trading
update for the financial year ended 31 March 2026 ("FY26").

 

In a challenging macroeconomic environment, Vp expects to report FY26 profits*
between £26-29m, in line with previous revised guidance. The business has
maintained operational and financial discipline and continues to progress its
strategic priorities.

 

Strong long-term opportunity remains despite a challenging near-term market

Despite tough market conditions, the Group continues to see long-term drivers
of demand across its core sectors.

 

Within the Infrastructure sector, Electricity transmission continues to see
growth and strong demand in both the UK and Europe.  Rail activity is steady
but subdued, with good visibility on future project pipelines.  There are
positive lead indicators in Water as we enter Year 2 of AMP8, supporting our
confidence in an improvement in revenues for FY27.   Within the Construction
sector, the Specialist Construction market remains supportive, particularly in
London and the Republic of Ireland.  Housebuilding remains subdued, but with
stronger prospects as Homes England's Social and Affordable Homes Programme
(SAHP) 2026-2036 commences.

 

The immediate impact of the Middle East conflict has been limited to higher
fuel costs, which has been largely mitigated through customer pricing.

 

Strategic and operational progress

Since her appointment, Chief Executive Alice Woodwark has focused on enhancing
operational discipline and accelerating strategic execution, including:

 

·    Enhancing cross-divisional efficiency with more multi-division
projects representing an increasing share of revenue

·    A sharper focus on specialist infrastructure-led markets

·    Advancing Vp's digital roadmap, delivering enhancements to pricing,
customer service and cross-divisional working

 

The exceptional transformation programme to reposition Brandon Hire Station is
materially completed with branch numbers and headcount reduced as planned,
delivering efficiency and utilisation benefits in line with expectations.

 

 

Outlook

While market conditions remain mixed, Vp's diversified model, financial
strength and infrastructure exposure provide a solid foundation, and the Board
remains confident in the Group's positioning and future performance.

 

The Group's balance sheet remains strong, supporting continued disciplined
investment and value creation, with leverage remaining within stated targets.

 

 

Alice Woodwark, Chief Executive of Vp, said:

"Vp has continued to deliver a disciplined performance and good strategic
progress. Our focus on infrastructure-led markets, operational efficiency and
digital delivery positions us well to navigate the near-term environment and
build long term sustainable value for stakeholders."

- E N D S -

 

*Profit before tax, amortisation and impairment of goodwill, trade names and
customer relationships and exceptional items.

 

 

For further information:

Vp plc

Alice Woodwark, Chief Executive
 
 Tel: +44 (0) 1423 533 400

Keith Winstanley, Chief Financial Officer
 
          www.vpplc.com (http://www.vpplc.com)

 

Media enquiries:

Sodali & Co

Justin Griffiths/Victoria Heslop/Nick Johnson
                                       Tel: +44 (0) 20
7100 6451

             vp@client.sodali.com

 

Notes to Editors

Vp plc is a specialist equipment rental business providing equipment, people,
services and

support for specialist projects. It focuses on niche sectors principally in
the Infrastructure,

Construction, Housebuilding and Energy markets in the UK and overseas.
Businesses include:

Groundforce, TPA, Torrent Trackside, Brandon Hire Station, MEP, ESS, UK Forks,
Airpac Rentals, CPH and Tech Rentals.

 

Our approach to environmental and social impact is guided by our core values
and responsible business framework, for more information go to:
www.vpplc.com/esg-and-governance/ (http://www.vpplc.com/esg-and-governance/)

 

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