Vp PLC : Interim Management Statement

Press Release

7 February 2012

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 Interim Results on 29 November 2011.

Whilst the overall economic background remains difficult, we are pleased to report that the Group continues to make good progress.  The business units have experienced generally stable trading conditions across the diverse range of markets which they serve.

In particular, trading in the housebuild, rail, infrastructure and oil and gas sectors has held up well and we have continued to invest in opportunities in these sectors as they have arisen.  By contrast, the general construction environment remained subdued.

Across the Group our focus remains on optimising the performance of our existing specialist activities and utilising our financial strength in support of our market leading businesses.

Although the outlook for the economy remains uncertain, the Group has traded well through the winter period and as a result we expect to report full year profits moderately ahead of current market expectations.

- Ends -

For further information please contact:

Vp plc
Jeremy Pilkington, Chairman	Tel: [phone]
[e-mail]
Neil Stothard, Group Managing Director	Tel: [phone]
[e-mail]
Allison Bainbridge, Group Finance Director	Tel: [phone]
[e-mail]

Media enquiries:

Abchurch Communications
Sarah Hollins / Mark Dixon	Tel: [phone]
[e-mail]	www.abchurch-group.com

Notes to editors:

Vp plc is a specialist rental business providing products and services to a diverse range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK, but also overseas.

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 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 for the housebuilding, general construction and industrial markets.

Further information available at www.vpplc.com

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Source: Vp PLC via Thomson Reuters ONE

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