Vp PLC Trading Update and Notice of Final Results (3604V)
April 08 2019 - 2:00AM
UK Regulatory
TIDMVP.
RNS Number : 3604V
Vp PLC
08 April 2019
Press Release 8 April 2019
Vp plc
('Vp' or the 'Group')
Trading Update and Notice of Final Results
Vp plc, the equipment rental specialist, is pleased to provide
the following update on recent trading.
Since the interim results announcement on 27 November 2018, the
Group has made further progress both within the UK and the
International divisions.
The UK division has experienced stable demand from its core
market sectors; infrastructure, construction and housebuilding.
The integration of Brandon Hire, which was acquired in November
2017, is progressing well. The combined specialist tool hire
business has now been re-branded as Brandon Hire Station. The
integration should be fully completed by the end of the first half
of the new financial year.
In the International division, the Group has experienced
on-going challenging trading conditions in the offshore oil and gas
sector, whilst our test and measurement business in the Asia
Pacific region has traded well.
The Board anticipates that final results for the year ended 31
March 2019 will be well ahead of the prior year and in line with
current market expectations. Exceptional costs in the second half
of the year are expected to be circa GBP4 million, resulting from
acquisition integration costs and business restructuring.
Notice of Final Results
The Group will be announcing its Final Results for the year
ended 31 March 2019 on Tuesday, 4 June 2019. An analyst briefing
given by Jeremy Pilkington (Chairman), Neil Stothard (Chief
Executive) and Allison Bainbridge (Group Finance Director), will be
held at 0930hrs on Tuesday, 4 June 2019 at the offices of Buchanan,
107 Cheapside, London, EC2V 6DN.
- Ends -
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 Hooper / Tel: +44 (0) 20 7466
Madeleine Seacombe 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:
UK
UK Forks
Rough terrain material handling equipment for the housebuilding,
general construction and industrial markets.
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.
TPA
Portable roadway access solutions to the transmission, outdoor
events, construction and utility sectors in the UK, the Republic of
Ireland and mainland Europe.
Brandon Hire Station
Tools and specialist products for industry, construction and
home owners.
ESS Safeforce
Specialist safety, survey, communications and test &
measurement.
MEP Hire
Mechanical, electrical and low-level access.
Torrent Trackside
Infrastructure equipment and services for the railway renewals
and maintenance industry.
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 news service of the
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Authority to act as a Primary Information Provider in the United
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contact rns@lseg.com or visit www.rns.com.
END
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