Vp PLC
30 September 2005
Press Release 30 September 2005
Vp plc
('Vp' or 'the Group')
Trading Statement
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
2005, which are to be announced on 1 December 2005.
During the period, trading for the Group has been satisfactory and is in line
with expectations.
Hire Station
Hire Station, our tools and specialist products business, is recovering well and
trading profitably. The integration of the Pivotal Services safety products and
training business, acquired in July 2005, is progressing as planned.
Groundforce
Prospects from the new AMP4 five year water infrastructure programme are
encouraging and should start to impact trading volumes positively in the second
half. As anticipated, Groundforce has experienced lower workloads as AMP3 has
drawn to a close. Demand from Groundforce's other markets remains strong.
Torrent Trackside
Torrent Trackside has experienced some reduction in activity following the
restructuring of Network Rail's maintenance plant contract. Torrent is making
progress in developing alternative customers and markets.
Airpac Oilfield Services
Airpac Oilfield Services has enjoyed a steady start to the year and the forward
order book for the remainder of the year is encouraging.
UK Forks
UK Forks has traded well and has made good progress in securing further
preferred supplier arrangements.
Outlook
Overall, the Group is pleased with the performance for the first six months and
look forward to a satisfactory outcome to deliver another year of growth in line
with management expectations.
- Ends -
For further information please contact:
Vp plc
Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 445
jeremy.pilkington@vpplc.com www.vpplc.com
Neil Stothard, Group Managing Director
neil.stothard@vpplc.com
Mike Holt, Group Finance Director
mike.holt@vpplc.com
Abchurch
Sarah Hollins / Justin Heath Tel: +44 (0) 113 203 1342
sarah.hollins@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
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