Vp PLC : Interim Management Statement

Press Release

20 August 2014

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 Final Results on 5 June 2014.

At the Annual General Meeting on 22 July 2014 we reported that the Group had maintained excellent business momentum into the new financial year.  This trend has continued into August with good demand, in particular, from infrastructure and housebuilding, and a gradual improvement in general construction.

On 30 July 2014 we announced the acquisition of the trackside plant and equipment rental activity of Balfour Beatty Rail Limited for a cash consideration of £5.5 million.  The initial integration with our rail activity, Torrent Trackside, is progressing well. 

The Group continues to identify areas for further investment in its business streams and we remain well placed to deliver good progress this year.

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For further information please contact:

Vp plc
Jeremy Pilkington, Chairman	Tel: [phone]
[e-mail]
Neil Stothard, Group Managing Director	Tel: [phone]
[e-mail]
Allison Bainbridge, Group Finance Director	Tel: [phone]
[e-mail]
Media enquiries:
Abchurch Communications
Sarah Hollins  / Stephanie Watson	Tel: [phone]
[e-mail]	www.abchurch-group.com

Notes to editors:

Vp plc is a specialist rental business providing products and services to a diverse range of markets including civil engineering, rail, oil and gas exploration, construction, outdoor events and industry, primarily within the UK, but also overseas.

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 primarily in the UK, but also in the Republic of Ireland and mainland Europe.

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 access solutions to the transmission, outdoor events, construction and utility sectors in the UK, the Republic of Ireland and mainland Europe. 

UK Forks
Rough terrain material handling equipment for the housebuilding, general construction and industrial markets.

Further information available at www.vpplc.com

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Vp PLC via Globenewswire

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