'Vp has delivered a disciplined performance': Equipment rental business set for growth
Specialist equipment rental business Vp said it is positioned for long-term growth after delivering a disciplined performance over the last financial year.
In a challenging macroeconomic environment, Vp said it expects to report FY26 (full year 2026) profits of between £26m to £29m, in line with previous revised guidance. In a trading update for the financial year ended March 31 2026, Vp said that, despite tough market conditions, the group continues to see long-term drivers of demand across its core sectors.
The statement added: “Within the infrastructure sector, electricity transmission continues to see growth and strong demand in both the UK and Europe. Rail activity is steady but subdued, with good visibility on future project pipelines.”
Vp said there are positive lead indicators in the water sector and the specialist construction market remains supportive, particularly in London and the Republic of Ireland.
It added: “Housebuilding remains subdued, but with stronger prospects as Homes England’s Social and Affordable Homes Programme (SAHP) 2026-2036 commences. The immediate impact of the Middle East conflict has been limited to higher fuel costs, which has been largely mitigated through customer pricing.”
Alice Woodwark, Chief Executive of Vp, said: “Vp has continued to deliver a disciplined performance and good strategic progress. Our focus on infrastructure-led markets, operational efficiency and digital delivery positions us well to navigate the near-term environment and build long term sustainable value for stakeholders.”
Commenting on outlook, Vp said: “While market conditions remain mixed, Vp’s diversified model, financial strength and infrastructure exposure provide a solid foundation, and the board remains confident in the group’s positioning and future performance.”