30th Sep 2005 07:00
Vp PLC30 September 2005 Press Release 30 September 2005 Vp plc ("Vp" or "the Group") Trading Statement Vp plc, the equipment rental specialist, today issues the following tradingupdate in advance of its Interim Results for the six months ended 30 September2005, which are to be announced on 1 December 2005. During the period, trading for the Group has been satisfactory and is in linewith expectations. Hire Station Hire Station, our tools and specialist products business, is recovering well andtrading profitably. The integration of the Pivotal Services safety products andtraining business, acquired in July 2005, is progressing as planned. Groundforce Prospects from the new AMP4 five year water infrastructure programme areencouraging and should start to impact trading volumes positively in the secondhalf. As anticipated, Groundforce has experienced lower workloads as AMP3 hasdrawn to a close. Demand from Groundforce's other markets remains strong. Torrent Trackside Torrent Trackside has experienced some reduction in activity following therestructuring of Network Rail's maintenance plant contract. Torrent is makingprogress in developing alternative customers and markets. Airpac Oilfield Services Airpac Oilfield Services has enjoyed a steady start to the year and the forwardorder book for the remainder of the year is encouraging. UK Forks UK Forks has traded well and has made good progress in securing furtherpreferred supplier arrangements. Outlook Overall, the Group is pleased with the performance for the first six months andlook forward to a satisfactory outcome to deliver another year of growth in linewith management expectations. - Ends - For further information please contact:Vp plc Jeremy Pilkington, Chairman Tel: +44 (0) 1423 533 [email protected] www.vpplc.com Neil Stothard, Group Managing [email protected] Mike Holt, Group Finance [email protected] Abchurch Sarah Hollins / Justin Heath Tel: +44 (0) 113 203 [email protected] www.abchurch-group.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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