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Vp PLC on Friday said it is being supported by the UK government’s initiatives to support infrastructure construction, despite noting subdued activity levels in rail. The Harrogate, England-based equipment rental company said activity levels in the power transmission segment of its Infrastructure division remained ‘strong’ in particular in Germany. Also within Infrastructure, the prospects for the water segment are ‘extremely positive’, Vp said, citing the transition to a new regulatory period in the UK. Meanwhile, Vp noted that activity levels in the rail segment of Infrastructure remain subdued due to the continued slow start to Network Rail’s CP7, which is a delivery plan set out by Network Rail for renewing the mainline railway infrastructure of Great Britain between early April 2024 and late March 2029. In the Construction division, performance in the specialist construction segment ‘continues to be strong’ but the general construction market ‘remains challenging’. Vp expects to deliver results for the financial year ending in late March in line with market expectations, with revenue and profit anticipated to be modestly weighted towards the second financial half. The company cited an analyst consensus of annual revenue of £386.1 million, which would be up 1.6% from £380.0 million in financial 2025. Meanwhile, profit before tax, amortisation and impairment of goodwill, trade names and customer relationships and exceptional items of £37.3 million is expected, up 1.7% from £36.7 million in financial 2024. Vp said in smaller end-markets, housebuilding has benefitted from operating model changes the company made in the last financial year. Chief Executive Anna Bielby said: ‘Despite challenges in some of our end markets, the first half of the financial year has again demonstrated the strength and resilience of our diverse business model. We remain optimistic about the second half of the financial year and expect to see increased activity levels across areas such as Rail and Water as long-term investment programmes gain traction, with Infrastructure, in particular, being further supported by the UK government’s revitalisation initiatives. With a clear strategy, a robust balance sheet and a growing pipeline of opportunities, we are well positioned to continue to deliver sustainable shareholder value.’ Vp shares rose 2.9% to 592.68 pence each on Friday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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