Vp PLC Trading Update (0015L)

TIDMVP.

RNS Number : 0015L

Vp PLC

28 September 2016

 
 For immediate release   28 September 2016 
 

Vp plc

('Vp' or the 'Group')

Trading Update

Capital Markets Day

Notice of Interim Results

Trading Update

Vp plc, the equipment rental specialist, is pleased to provide the following trading update as it enters its close period.

The Group has maintained its positive start to the financial year with good progress made in the majority of its markets.

The UK division has enjoyed healthy trading within the construction and housebuilding sectors, supported by solid demand from the infrastructure markets, and is delivering good year on year growth.

Within the International division, TR Group which we acquired in April 2016, is integrating well within the overall Group and trading in line with our expectations. The oil and gas sector remains challenging.

Overall Vp is trading well and we continue to anticipate making further good progress in the year.

Capital Markets Day

Vp plc is hosting an investor presentation today at the offices of Buchanan, 107 Cheapside, London, EC2V 6DN. There will be no new material information included in the presentation.

Notice of Interim Results

The Group confirms that it will announce its Interim Results for the six months ending 30 September 2016 on Tuesday 29 November 2016. An analyst briefing given by Jeremy Pilkington (Chairman), Neil Stothard (Chief Executive) and Allison Bainbridge (Group Finance Director), will be held at 09.30am on Tuesday 29 November 2016, at the offices of Buchanan.

- Ends -

For further information:

 
 Vp plc 
 Jeremy Pilkington, Chairman             Tel: [phone] 
                                                   533 400 
 Neil Stothard, Chief Executive              www.vpplc.com 
 Allison Bainbridge, Group Finance 
  Director 
 
 Media enquiries: 
 Buchanan 
 Henry Harrison-Topham / Jane              Tel: +44 (0) 20 
  Glover                                         7466 5000 
 [e-mail]                    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

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

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 and tracked access platforms 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 to a breadth of markets including electrical, telecommunications, manufacturing, construction, defence, oil and gas, mining, and government 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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September 28, 2016 02:00 ET (06:00 GMT)