Vp PLC Trading Update and Notice of Final Results (0358K)

TIDMVP.

RNS Number : 0358K

Vp PLC

06 April 2018

 
 Press Release   6 April 2018

Vp plc

('Vp' or the 'Group')

Trading Update and Notice of Final Results

Trading Update

Vp plc, the equipment rental specialist, is pleased to provide the following update on recent trading.

Since the interim results announcement on 21 November 2017, the Group has continued to make good progress over the winter period.

The UK division has experienced consistent demand from its key infrastructure, construction and housebuilding markets.

As reported on 7 March 2018 the completion of the acquisition of Brandon Hire Group Holdings Limited ('Brandon Hire') received clearance from the Competition and Markets Authority. Since then we have been working closely with the Brandon Hire team on the integration of the business within the Vp Group, a process which has started well.

Within the International division, the offshore oil and gas sector has remained challenging, whilst our Asia Pacific based test and measurement business has continued to perform well.

The Board anticipates that the Group will report full year results for the year ended 31 March 2018 in line with current market expectations.

Notice of Final Results

The Group will be announcing its Final Results for the year ended 31 March 2018 on Tuesday, 5 June 2018. An analyst briefing given by Jeremy Pilkington (Chairman), Neil Stothard (Chief Executive) and Allison Bainbridge (Group Finance Director), will be held at 09.30hrs on Tuesday, 5 June 2018 at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN.

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For further information:

 
 Vp plc 
 Jeremy Pilkington, Chairman             Tel: +44 (0) 1423 
                                                   533 400 
 Neil Stothard, Chief Executive              www.vpplc.com 
 Allison Bainbridge, Group Finance 
  Director 
 
 Media enquiries: 
 Buchanan 
 Henry Harrison-Topham / Jamie             Tel: +44 (0) 20 
  Hooper / Maddie Seacombe                       7466 5000 
 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 oil and gas, both in the UK and overseas.

The Group comprises a UK and an International division:

Groundforce

Excavation support systems and specialist products for the water, civil engineering and construction industries primarily in the UK, but also in the Republic of Ireland and mainland Europe.

Hire Station & Brandon Hire

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 access solutions to the transmission, outdoor events, construction and utility sectors in the UK, the Republic of Ireland and mainland Europe.

UK Forks

Rough terrain material handling equipment for the housebuilding, general construction and industrial markets.

International

Airpac Bukom Oilfield Services

Equipment and service providers to the international oil and gas exploration and development markets.

TR Group

Specialist rental of test & measurement, communications and audio visual equipment in Australia, New Zealand and Malaysia.

Further information is available at www.vpplc.com/investors

This information is provided by RNS

The company news service from the London Stock Exchange

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