Vp PLC
30 September 2004
30 September 2004
Trading Update
Vp plc, the equipment rental specialist, today issues the following trading
update in advance of its interim results for the six months ended 30 September
2004, which are to be announced on Thursday, 2 December 2004.
We are pleased to report that group trading for the six months has been very
satisfactory and in line with the Board's overall expectations.
Groundforce
Groundforce has enjoyed particularly strong demand and the four acquisitions
made last year have integrated successfully into the division.
UK Forks
UK Forks had a satisfactory start to the year with good levels of demand from
all sectors.
Airpac Oilfield Services
Airpac Oilfield Services has traded well in the period with strong North Sea
demand and improved performance from its Singapore base.
Hire Station
After a relatively slow first quarter, activity levels at Hire Station improved
in the second 3 months of the financial year and this business is progressing in
line with its recovery plan.
Torrent Trackside
Torrent has started the year well with good activity levels on both maintenance
and renewal work.
Outlook
Overall we expect the Group to continue to make further progress in the
remainder of the year.
- Ends -
For further information:
Vp plc
Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 405
neil.stothard@vpplc.com www.vpplc.com
Mike Holt, Finance Director
mike.holt@vpplc.com
Media enquiries:
Abchurch Communications
Sarah Hollins Tel: +44 (0) 7764 947137
sarah.hollins@abchurch-group.com
Justin Heath Tel: +44 (0) 113 390 6389
justin.heath@abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
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