15.02.2011

Positive trading statement from Vp

UK based rental company Vp - owner of telehandler company UK Forks, has issued a neutral to positive interim trading statement.

The company says that business since November has continued as expected and that the poor weather in December had little effect.

The statement is brief and to the point so here it is in full:
“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.”