Interim Management Statement
August 04 2011 - 2:00AM
UK Regulatory
TIDMVP.
Press Release 4 August 2011
Vp plc
("Vp" or "the Group")
Interim Management Statement
Vp plc, the equipment rental specialist, today provides an update on the
performance of the business since the announcement of its Final Results on 7
June 2011.
We reported in June that the Group had enjoyed a generally upbeat finish to the
previous financial year and we are pleased to report that this trend has
continued into the new financial year with the business delivering growth and
capitalising on organic investment opportunities.
The housebuilding and rail sectors continue to enjoy a good level of demand and
our oilfield services business has experienced useful year on year growth as
demand has slowly recovered from recent lows. The general construction market
is somewhat subdued but stable. Infrastructure markets remain solid and we
anticipate a gradual pickup in AMP5 water sector activity in the second half.
As ever, the Group's focus on specialist activities, operating in a diverse
range of end markets is proving to be a sound platform for maintaining progress
within Vp despite the challenges that the current economic environment presents.
The promising start to the year and a strong balance sheet, that enables us to
pursue opportunities as they arise, gives us confidence that we will deliver
further satisfactory results 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
Media enquiries:
Abchurch Communications
Mark Dixon / Jamie Hooper Tel: +44 (0) 207 398 7729
mark.dixon@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:
Airpac Bukom Oilfield Services
Equipment and service providers to the international oil and gas exploration and
development markets.
Groundforce
Excavation support systems and specialist products for the water, civil
engineering and construction industries.
Hire Station
Tools and specialist products for industry, construction and home owners.
Torrent Trackside
Infrastructure equipment and services for the railway renewals and maintenance
industry.
TPA
Portable roadway systems, bridging, fencing and barriers primarily to the UK
market, but also in the Republic of Ireland and mainland Europe.
UK Forks
Rough terrain material handling equipment for industry, residential and general
construction.
Further information can be found atwww.vpplc.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vp PLC via Thomson Reuters ONE
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