REG - Vp PLC - AGM Statement

VPAnnouncement

23/07/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250723:nRSW1134Sa&default-theme=true

RNS Number : 1134S  Vp PLC  23 July 2025

   23 July 2025

 
Vp plc

('Vp', the 'Group' or the 'Company')

 

AGM Statement

 

Vp plc, the equipment rental specialist, will hold its Annual General Meeting
('AGM') at 10am today. At the AGM, Jeremy Pilkington, Chairman of Vp, will
make the following statement:

 

"Overall, the Group's performance for the first quarter of the financial year
has been resilient despite mixed market conditions and the Board continues to
expect performance for the year to be in line with market expectations*.

 

Within Infrastructure, the transmission sector has been strong, particularly
in Germany, and we remain optimistic about water opportunities in AMP8. Rail
activity levels continue to be subdued, particularly in relation to Network
Rail's CP7.

 

In Construction, specialist construction continues to perform well in the
context of mixed markets in both the UK and Ireland. However, in general
construction, market conditions remain challenging. Brandon Hire Station's
recovery plan continues, which the Group remains on track to materially
complete by the end of the financial year. In the Group's smaller end markets
of Housebuilding and Energy, performance has been broadly in line with the
Board's expectations.

 

We welcome the UK Government's focus on growth, including both its 10 Year
Industrial and Infrastructure strategies and hope that this provides much
needed positive momentum in the market.

 

We are making good progress on our strategy supported by our digital roadmap.
This includes simplifying the way the Group operates, enhancing the customer
experience and pursuing a Vp Group go to market strategy."

 

 

- ENDS -

 

** Vp compiled analyst consensus for 2025/2026: Revenue of £386.1m, Profit
before tax, amortisation and impairment of goodwill, trade names and customer
relationships and exceptional items of £37.3m and pre-IFRS 16 net debt of
£137.3m.

 

For further information:

 Vp plc
 Anna Bielby, Chief Executive Officer       Tel: +44 (0) 1423 533 400
 Keith Winstanley, Chief Financial Officer           www.vpplc.com (http://www.vpplc.com)

 

 Media enquiries:
 Justin Griffiths/Nick Johnson/Amy Gibson  Tel: +44 (0) 2071 006 451
                                           vp@client.sodali.com
                                           (https://vpplc-my.sharepoint.com/personal/lmansf_vpplc_com/Documents/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 focusses 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, ESS, MEP Hire, CPH, UK Forks, Airpac Rentals
and Tech Rentals. Vp Rail is the Group's integrated rail solution providing
customers with direct access to all of Vp's rail specialisms through a central
team.

 

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/)

 

- ENDS -

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  AGMEASXAAEKSEFA