Trading Update & Notice of Interim Results

Vp plc, the equipment rental specialist, today provides a trading update for the six months ended 30 September 2023 ('H1 2024' or 'the period').

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.

Commenting on current trading, Anna Bielby, Chief Executive of Vp, 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 Vp@buchanan.uk.com if you would like to attend the meeting.

UK

Groundforce

Brandon Hire Station

ESS

MEP Hire

Torrent Trackside

TPA

UK Forks

International

Airpac Rentals

TR Group