Interim Management Statement

About this update from Vp Plc

[{"type":"text","content":"\n \n\n\n\n\n Press Release 4 August 2011\n\n\n\n\n Vp plc\n\n (\"Vp\" or \"the Group\")\n\n Interim Management Statement\n\n\n\nVp plc, the equipment rental specialist, today provides an update on the\nperformance of the business since the announcement of its Final Results on 7\nJune 2011.\n\nWe reported in June that the Group had enjoyed a generally upbeat finish to the\nprevious financial year and we are pleased to report that this trend has\ncontinued into the new financial year with the business delivering growth and\ncapitalising on organic investment opportunities.\n\nThe housebuilding and rail sectors continue to enjoy a good level of demand and\nour oilfield services business has experienced useful year on year growth as\ndemand has slowly recovered from recent lows.  The general construction market\nis somewhat subdued but stable.  Infrastructure markets remain solid and we\nanticipate a gradual pickup in AMP5 water sector activity in the second half.\n\nAs ever, the Group's focus on specialist activities, operating in a diverse\nrange of end markets is proving to be a sound platform for maintaining progress\nwithin Vp despite the challenges that the current economic environment presents.\n\nThe promising start to the year and a strong balance sheet, that enables us to\npursue opportunities as they arise, gives us confidence that we will deliver\nfurther satisfactory results in the current financial year.\n\n\n - Ends -\n\nFor further information please contact:\n\n Vp plc\n\n Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 400\n\n [email protected]\n\n Neil Stothard, Group Managing Director Tel: +44 (0) 1423 533 445\n\n [email protected]\n\n\n\n\nMedia enquiries:\n\n Abchurch Communications\n\n Mark Dixon / Jamie Hooper Tel: +44 (0) 207 398 7729\n\n [email protected] www.abchurch-group.com\n\n\nNotes to editors:\n\n\nAbout Vp\nThe main activity of the Group is equipment rental and associated services\nprincipally conducted within the UK.  Vp plc listed on the London Stock Exchange\nin 1973.\n\nThe Group is focused on six businesses:\n\nAirpac Bukom Oilfield Services\nEquipment and service providers to the international oil and gas exploration and\ndevelopment markets.\n\nGroundforce\nExcavation support systems and specialist products for the water, civil\nengineering and ...

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