Vp PLC (LSE:VP.)
£ 4.85 +0.050 (+1.04%) Market Cap: 191.65 Mil Enterprise Value: 404.22 Mil PE Ratio: 0 PB Ratio: 1.47 GF Score: 65/100

Full Year 2025 VP PLC Earnings Call Transcript

Jun 11, 2025 / 08:30 AM GMT
Release Date Price: £6.14 (+3.02%)

Key Points

Positve
  • Vp PLC (LSE:VP.) reported a resilient performance with results in line with market expectations despite varied market conditions.
  • The company maintained an industry-leading return on average capital employed at 14.2%, showcasing the quality of its earnings.
  • Vp PLC (LSE:VP.) has a strong financial position with well-controlled net debt, allowing for significant investment in fleet CapEx.
  • The acquisition of CPH and the launch of VP Rail are strategic moves aimed at driving profitable growth.
  • The company has a strong track record of consistent financial performance and high returns, supported by its focus on specialist markets.
Negative
  • Adjusted profit decreased from 39.9 million to 36.7 million, impacted by increased depreciation and interest costs.
  • The general construction market remains challenging, significantly affecting the performance of the Brandon Hire Station division.
  • Exceptional items totaling 10.9 million included costs related to the CPH acquisition and impairments in the Brandon Hire Station division.
  • The company recorded a non-cash impairment of 5.4 million within exceptional items and a further 0.9 million impairment of intangible assets.
  • Despite revenue growth, EBITDA remained flat due to investments in people and technology.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VP.L - VP PLC
Full Year 2025 VP PLC Earnings Call
Jun 11, 2025 / 08:30AM GMT

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Presentation
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Welcome to the VP final results for the year ended March 2025. I'm Anna Bielby, and I'm joined today by our CFO Keith Win Stanley. I'll kick off with a brief summary of our business. Keith will then cover the Financial Review, and I will talk through our operational performance with an update on our strategy.

I'll start with a summary of our business. We are leaders in equipment rental with a focus on being specialist.

We operate in 4 end markets with the majority of our activity in infrastructure and construction.

We have a strong track record of a consistent financial performance and high returns, and we have a number of specialist divisions, but we increasingly talk about our business in relation to the end markets that we
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