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Vp (VP) investor relations material
Vp Trading update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading update summary11 Feb, 2026
Financial performance and outlook
Profit for the current financial year is now expected in the range of £26-29m due to muted activity and market headwinds.
January saw a disappointingly slow 'return to work' and a slow ramp-up in Q4 activity volumes.
Growth and strong demand continue in energy transmission, while rail activity remains steady but subdued.
Meaningful increases in water sector revenues are now expected in FY27, not the current year.
General construction and housebuilding activity levels remain subdued, with energy sector improvement expected in FY27.
Strategic initiatives and transformation
Transformation of Brandon Hire Station is progressing, with branch footprint reduced from over 100 to 41 and headcount down by about 400.
The transformation programme at Brandon is on track for material completion by 31 March.
Continued implementation of a digital roadmap and harmonisation of systems and processes is underway.
Operating model changes in housebuilding have improved performance despite subdued activity.
Market positioning and future opportunities
The group remains confident in its strategy targeting core sectors and leveraging a robust balance sheet.
Diversity across critical market sectors provides resilience but does not fully offset broader market challenges.
Significant increase in water sector expenditure (AMP8) is anticipated, with benefits expected in FY27.
Commitment to growth and operational excellence positions the group to capitalize on future opportunities.
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Next Vp earnings date
H2 202610 Jun, 2026
Next Vp earnings date
H2 202610 Jun, 2026
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Frequently asked questions
Vp plc provides equipment rental and associated services in the United Kingdom and internationally. The company operates through UK Forks, Brandon Hire Station, ESS, Groundforce, TPA, MEP Hire, Torrent Trackside and TR Group businesses. The UK Forks business engages in the rental of telescopic handlers and tracked access platforms use for construction and housebuilding sites. The Brandon Hire Station business is involved in the rental of tools and specialist products to the industry and construction markets, as well as homeowners. The ESS business engages in the rental of safety, survey, communication, and test and measurement equipment. The Groundforce business rents excavation support systems and specialist products to the water, civil engineering
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