11.10.2023

Vp interim statement

UK rental group Vp, owner of telehandler rental company UK Forks, low level access specialist MEP and Brandon Hire Station has published a trading update for the six months to the end of September.

The statement is as follows:

“The Group as a whole continued to trade resiliently in the period against a backdrop of challenging macro-economic conditions impacting certain end markets.

UK
Within the Group's UK businesses, infrastructure, including water, transmission and rail, continues to perform well, with longer-term regulatory programmes proving supportive. Housebuilding demand remains subdued but stable. General construction remains challenging.

International
The Group's overseas businesses continue to trade well at levels ahead of H1 2023 and the Board expects end markets to positively impact the current financial year.

CEO Anna Bielby said: "We have delivered a solid performance in the period and are confident that we will continue to achieve our objective of driving demand for our products and services. With our strong financial position, we have an excellent track record of successfully navigating volatility in our core markets. We continue to closely monitor the impact of weaker markets in housebuilding and general construction; however, we remain confident that the Group will continue to provide shareholders with an attractive level of returns."

Notice of Interim Results
The Group will announce its Interim Results for the six months ended 30 September 2023 on Tuesday, 28 November 2023. There will be an 'in person' meeting for sell-side analysts at 9.30am on the day of results, hosted by Jeremy Pilkington (Chairman) and Anna Bielby (Chief Executive). Please contact Buchanan at [email protected] if you would like to attend the meeting.