Trading in line for Vp

VP, the equipment hire firm, today described winter trading as “satisfactory” and said it expected its full year results to be in line with expectations.

In a trading update this morning, the listed Yorkshire business said most sectors had remained stable despite there being “no tangible improvement in overall market conditions”.

“A sustained demand from regulated infrastructure markets has continued to provide a solid base for the group, in the face of soft general construction demand,” Vp said. 

Vp said despite lower levels of liquefied natural gas activity continuing into the second half of its financial year, the group has secured a number of LNG contracts in the Asia Pacific region.

The company added: “Optimisation of the performance of Vp’s existing specialist activities remains the board’s priority and the group continues to invest in support of secured opportunities as they arise.”