Vp PLC
18 February 2008
Press Release 18 February 2008
Vp plc
('Vp' or 'the Group')
Interim Management Statement
Vp plc, the equipment rental specialist, today advises that since the Interim
Results announcement on 27 November 2007, the performance of the business has
remained positive across the wide range of market sectors which it serves.
Activity levels have built up satisfactorily since the Christmas break, and
whilst we have seen no discernible impact from the problems in the wider
financial markets, the Group remains alert to any changes. USS and PTA,
acquired for £0.6m, and Able Safety, acquired for £0.75m, both in November 2007,
have integrated well into the Groundforce and Hire Station divisional businesses
respectively.
The Group continues to experience good demand for its products and services and
expects to be able to report earnings in line with market expectations, which
would represent significant growth on the previous year.
- Ends -
Enquiries:
Vp plc
Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 405
jeremypilkington@vpplc.com
Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 445
neil.stothard@vpplc.com www.vpplc.com
Mike Holt, Group Finance Director Tel: +44 (0) 1423 533 445
mike.holt@vpplc.com www.vpplc.com
Media enquiries:
Abchurch Communications
Grace Marriner/ Louise Thornhill Tel: +44 (0) 113 203 1345
louise.thornhill@abchurch-group.com www.abchurch-group.com
Notes to editors
The principal activity of the Group is equipment rental and associated services
almost entirely conducted within the UK. Vp plc listed on the London Stock
Exchange in 1973.
The Group is focused on six businesses:
TPA
Portable roadway systems, bridging, fencing and barriers primarily to the UK
market, 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.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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