Vp’s interims confirm a period of good progress and maintained profitability despite a more subdued market backdrop. Operating margins have strengthened as a result of Vp’s focus on quality of earnings and cost discipline, underpinning full year expectations. Vp is a high quality business with industry leading margins, which has been consistently well managed through the economic cycle. The shares continue to trade at a substantial discount to the long run average rating and close peers, which i ....
04 Dec 2019
Improving margins underpin full year expectations
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Improving margins underpin full year expectations
Vp’s interims confirm a period of good progress and maintained profitability despite a more subdued market backdrop. Operating margins have strengthened as a result of Vp’s focus on quality of earnings and cost discipline, underpinning full year expectations. Vp is a high quality business with industry leading margins, which has been consistently well managed through the economic cycle. The shares continue to trade at a substantial discount to the long run average rating and close peers, which i ....