RNS Number : 5737B
  Vp PLC
  19 August 2008
   

    



 Press Release   19 August 2008



    Vp plc

    ('Vp' or 'the Group')

    Interim Management Statement


    Vp plc, the equipment rental specialist, today advises that it has continued to make good progress since the Preliminary Results
announcement in June 2008. Although the business environment has undoubtedly become more challenging, we have continued to benefit from the
diversity of markets we serve. The oil and gas, transmission, outdoor events and utilities markets in particular continue to perform well
and whilst housebuilding and the rail sector have been weaker, general construction demand has remained stable driven by ongoing public
sector and regulated industry investment. 

    In July we announced the acquisition of assets from Rand Group together with a three year sole supply agreement. The integration of this
business is proceeding well.

    Overall the business has made a good start to the new financial year. Whilst we remain alert to changes in individual markets, we
believe that our diversity across specialist markets is a key strength of the Group. We remain confident of delivering further progress in
the current financial year.  


    - Ends -

      For further information please contact:

 Vp plc
 Jeremy Pilkington, Chairman             Tel: +44 (0) 1423 533 400
 jeremypilkington@vpplc.com

 Neil Stothard, Group Managing Director  Tel: +44 (0) 1423 533 445
 neil.stothard@vpplc.com                             www.vpplc.com

 Mike Holt, Group Finance Director       Tel: +44 (0) 1423 533 445
 mike.holt@vpplc.com                                 www.vpplc.com

    Media enquiries:
 Abchurch Communications
 Ariane Comstive/George Parker      Tel: +44 (0) 207 398 7719
 george.parker@abchurch-group.com     www.abchurch-group.com 
    Notes to editors:

    About Vp
    The main activity of the Group is equipment rental and associated services principally conducted within the UK. Vp plc listed on the
London Stock Exchange 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 UK market, but also in the Republic of Ireland and mainland
Europe.  

    Torrent Trackside
    Infrastructure equipment and services for the railway renewals and maintenance industry.

    Groundforce
    Excavation support systems and specialist products for the water, civil engineering and construction industries.

    UK Forks
    Rough terrain material handling equipment for industry, residential and general construction.

    Airpac Bukom Oilfield Services
    Equipment and service providers to the international oil and gas exploration and development markets. 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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