Vp Plc (VP.L), a specialist equipment rental company, Tuesday said it expects to report fiscal 2025 performance in line with market expectations, despite previously reported challenges in certain end markets.
In its trading update for the financial year ended March 31, the company said it has recorded a resilient performance in the year, reflecting the strengths of both Vp's specialist, solutions-based offering, as well as its exposure to a diverse range of end markets.
The current analyst consensus for revenue is 371 million pounds, and profit before tax and items is 37 million pounds.
Vp plc said it is making good progress in refreshing and centralising its operating model, assisted by its digital roadmap. Infrastructure continues to be Vp's largest end market, and the firm remains optimistic about future growth opportunities.
Anna Bielby, Chief Executive of Vp, said, "I am pleased to report a strong performance that continues to demonstrate the resilience of our specialist businesses and end markets, reinforced by improvements made to the Group's operating model. While we have seen challenges in some of our markets alongside wider geo-political uncertainty, our clear strategy combined with our strong balance sheet and investment commitments by the UK Government, underpins our ability to continue generating long-term sustainable shareholder returns."
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