Interim Management Statement

RNS Number : 5737B

Vp PLC

19 August 2008

 



Press Release

19 August 2008

Vp plc

('Vp' or 'the Group')

Interim Management Statement

Vp plc, the equipment rental specialist, today advises that it has continued to make good progress since the Preliminary Results announcement in June 2008. Although the business environment has undoubtedly become more challenging, we have continued to benefit from the diversity of markets we serve. The oil and gas, transmission, outdoor events and utilities markets in particular continue to perform well and whilst housebuilding and the rail sector have been weaker, general construction demand has remained stable driven by ongoing public sector and regulated industry investment. 

In July we announced the acquisition of assets from Rand Group together with a three year sole supply agreement. The integration of this business is proceeding well.

Overall the business has made a good start to the new financial year. Whilst we remain alert to changes in individual markets, we believe that our diversity across specialist markets is a key strength of the Group. We remain confident of delivering further progress in the current financial year.  

- Ends -

  For further information please contact:

Vp plc
Jeremy Pilkington, Chairman	Tel: [phone]
[e-mail]
Neil Stothard, Group Managing Director	Tel: [phone]
[e-mail]	www.vpplc.com
Mike Holt, Group Finance Director	Tel: [phone]
[e-mail]	www.vpplc.com

Media enquiries:

Abchurch Communications
Ariane Comstive/George Parker	Tel: [phone]
[e-mail]	www.abchurch-group.com

Notes to editors:

About Vp

The main activity of the Group is equipment rental and associated services principally conducted within the UK. Vp plc listed on the London Stock Exchange in 1973.

The Group is focused on six businesses:

Hire Station

Tools and specialist products for industry, construction and home owners.

TPA

Portable roadway systems, bridging, fencing and barriers primarily to the UK market, but also in the Republic of Ireland and mainland Europe.  

Torrent Trackside

Infrastructure equipment and services for the railway renewals and maintenance industry.

Groundforce

Excavation support systems and specialist products for the water, civil engineering and construction industries.

UK Forks

Rough terrain material handling equipment for industry, residential and general construction.

Airpac Bukom Oilfield Services

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

 

END

 

 

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