Interim Management Statement
(Thomson Reuters ONE) -
Press Release 15 February 2011
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 30
November 2010.
The overall demand for our services has remained relatively consistent with that
experienced in the first half of the current financial year. Whilst the weather
conditions during December were unusually severe, the impact on the business was
largely neutral. We expect to report full year results in line with market
expectations.
We have continued to invest in the business as opportunities have been secured.
Debt levels within the Group remain well within our committed facilities and the
associated covenants.
We continue to concentrate on optimising the performance of our existing
business streams. We believe a sustained economic recovery is likely to be
some way off. However, we do anticipate that opportunities will appear in the
future and our strong balance sheet will enable us to embrace these as they
arise.
Our resilient business model of providing specialist equipment services to a
diverse range of markets remains a significant asset. We believe that the Group
will deliver another very satisfactory result in the current financial year.
- Ends -
For further information please contact:
Vp plc
Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 400
jeremypilkington(at)vpplc.com
Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 445
neil.stothard(at)vpplc.com
Media enquiries:
Abchurch Communications
Henry Harrison-Topham / Mark Dixon Tel: +44 (0) 207 398 7729
mark.dixon(at)abchurch-group.com 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:
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.
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 systems, bridging, fencing and barriers primarily to the UK
market, but also in the Republic of Ireland and mainland Europe.
UK Forks
Rough terrain material handling equipment for industry, residential and general
construction.
Further information can be found at www.vpplc.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vp PLC via Thomson Reuters ONE
[HUG#1488796]
Unternehmensinformation / Kurzprofil:
Datum: 15.02.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 51464
Anzahl Zeichen: 4130
contact information:
Town:
Harrogate
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 220 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Interim Management Statement"
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Vp PLC (Nachricht senden)
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