13.02.2009

Vp trading statement

Vp, owner of UK forks the telehandler rental company and Hire Station has issued an interim trading statement that says that while it has seen some trading deterioration since November it still expects its full year to come in within market expectations.

It adds: “We expect that most sectors will have a challenging year ahead, particularly commercial construction and house building, but the Group's consistent strategic focus on a broad range of specialist rental activities should provide a degree of resilience to the current economic downturn. We anticipate more supportive conditions from the regulated markets in transmission, water, rail and also from publicly funded construction projects.”

“The volatility in the economic environment makes it uniquely difficult to predict future performance. However, taking all circumstances into account, we expect to deliver a satisfactory result in the forthcoming financial year relative to the current market conditions.”