Vp PLC Trading Update and Notice of Interim Results (8260N)
04 Octubre 2021 - 1:00AM
UK Regulatory
TIDMVP.
RNS Number : 8260N
Vp PLC
04 October 2021
Press Release 4 October 2021
Vp plc
('Vp' or the 'Group')
Trading Update and Notice of Interim Results
Vp plc, the equipment rental specialist, is pleased to provide
the following trading update.
The Group is trading well and in line with the Boards'
expectations. Group revenues are running at 96% of pre-Covid levels
and the business is making excellent progress despite some market
sectors not yet being back to historic levels of demand.
UK
In the UK division demand from our core markets of
infrastructure, housebuilding and construction has remained
supportive. Certain areas of major infrastructure investment such
as HS2 have been very busy for the Group, with other key elements,
such as the rail sector (CP6) and water (AMP7) expected to
accelerate in H2.
General construction has been satisfactory with repair and
maintenance work remaining good, but the sector is to a degree
impacted by materials and labour resource constraints and the pace
of growth will be partially dependent on these issues being
resolved. Residential construction remains supportive and we are
seeing good demand in this segment.
International
The International division has also experienced a tangible
recovery in trading in the new financial year despite the
distraction of extended lockdowns in some parts of Australia, New
Zealand and Malaysia.
Group
Supported by the Group's strong financial position, our
businesses are in excellent shape to capitalise on further
opportunities both in the UK and International markets.
Notice of Interim Results
The Group will announce its Interim Results for the six months
ended 30 September 2021 on Tuesday, 30 November 2021. There will be
a video call for sell-side analysts at 09:30am on the day of
results, hosted by Jeremy Pilkington (Chairman), Neil Stothard
(Chief Executive) and Allison Bainbridge (Group Finance
Director).
Please contact Buchanan at Vp@buchanan.uk.com if you would like
to receive the dial in details.
- Ends -
For further information:
Vp plc Tel: +44 (0) 1423 533 400
Jeremy Pilkington, Chairman www.vpplc.com
Neil Stothard, Chief Executive
Allison Bainbridge, Group Finance
Director
Media enquiries:
Buchanan
Henry Harrison -- Topham / Jamie Tel: +44 (0) 20 7466 5000
Hooper / George Beale
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 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
and tracked access platforms. The products and services are
utilised by its customers to improve safety and productivity
on construction and housebuilding sites across the UK.
International
Airpac Bukom Oilfield Services
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
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 or visit 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.
END
MSCMJBPTMTBMBBB
(END) Dow Jones Newswires
October 04, 2021 02:00 ET (06:00 GMT)
Vp (LSE:VP.)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Vp (LSE:VP.)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024