In the six weeks since Vp’s FY20 results were reported, demand has continued to return with activity now at 80% of prior year levels. Over two thirds of furloughed employees have returned to work and many of the mothballed locations have re-opened. This improving trend is expected to continue and we look forward to reintroducing forecasts as visibility improves over the next few months. Cash generation has been impressive in recent weeks resulting in a £22m reduction in net debt since the year e ....
23 Jul 2020
AGM statement confirms improving demand trends
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AGM statement confirms improving demand trends
Vp plc (VP:LON) | 555 -27.8 (-0.9%) | Mkt Cap: 222.9m
- Published:
23 Jul 2020 -
Author:
James Tetley -
Pages:
3
In the six weeks since Vp’s FY20 results were reported, demand has continued to return with activity now at 80% of prior year levels. Over two thirds of furloughed employees have returned to work and many of the mothballed locations have re-opened. This improving trend is expected to continue and we look forward to reintroducing forecasts as visibility improves over the next few months. Cash generation has been impressive in recent weeks resulting in a £22m reduction in net debt since the year e ....