The equipment rental specialist
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
Vp is a well established group which has evolved over nearly 60 years of trading from a broadly based plant hire company to a service based group providing equipment rental and associated services to a range of market sectors. Floated on the London Stock Exchange in 1973, Vp now comprises 6 business divisions:- Groundforce, UK Forks, Airpac Bukom Oilfield Services, Hire Station, Torrent Trackside and TPA.

09:50 05/06/2018
Broker Forecast - Peel Hunt issues a broker note on VP PLC
Peel Hunt today reaffirms its hold investment rating on VP PLC (LON:VP.) and raised its price target to 1000p (from 900p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

New highs

Interim Results
RNS
RNS Number : 5376I
Vp PLC
27 November 2018





Press Release
27 November 2018

Vp plc

('Vp' or the 'Group')

Interim Results

Vp plc, the equipment rental specialist, today announces its Interim Results for the six months ended 30 September 2018 ('H1 2019' or the 'period').

Highlights

·
Profit before tax and amortisation increased 22% to £25.9 million (H1 2018: £21.2 million)
·
Revenues up by 42% to £193.2 million (H1 2018: £136.0 million)
·
EPS, pre amortisation, increased 18% to 52.3 pence per share (H1 2018: 44.2 pence per share)
·
Interim dividend increased by 21% to 8.2 pence per share (H1 2018: 6.8 pence per share)
·
Return on average capital employed 14.5% (H1 2018: 16.0%)
·
EBITDA increased by 25% to £51.6 million (H1 2018: £41.1million)
·
Capital investment in rental fleet up 13% at £36.7 million (H1 2018: £32.5 million)
·
Statutory profit before tax of £23.9 million (H1 2018: £20.3 million) and statutory earnings per share of 48.3 pence (H1 2018: 42.5 pence)

Jeremy Pilkington, Chairman of Vp plc, commented: "The Group has produced yet another excellent set of results with revenues, profits and earnings per share all significantly ahead. Both our UK and International Divisions have performed strongly with most of our business units busy supporting stable end markets. In the UK Division, whilst Brexit continues to be a distraction, day to day activity seems to be continuing largely unaffected.

With the benefit of a strong first half, which includes an in line contribution from Brandon Hire, we look forward to the remainder of the year, and beyond, with every confidence."

- Ends -