In a stock market trading update this morning, the equipment rental specialist said: “Whilst the overall economic background remains difficult, we are pleased to report that the group continues to make good progress. The business units have experienced generally stable trading conditions across the diverse range of markets which they serve.”
Although the general construction environment remained subdued, Vp said, the rail, infrastructure and oil & gas sectors has held up well “and we have continued to invest in opportunities in these sectors as they have arisen”.
It added: “Although the outlook for the economy remains uncertain, the group has traded well through the winter period and as a result we expect to report full year profits moderately ahead of current market expectations.”
Vp businesses include Groundforce, UK Forks, Hire Station, Airpac Bukom and Torrent Trackside.
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