Vp has announced a positive pre-close update for the year to 31st March alongside a bolt-on acquisition within the Hire Station business. The Group continues to make good progress and the Board anticipates that full year results will be in line with expectations. This concludes another year of double digit PBT growth, extending the excellent recent track record. We expect Vp to continue to deliver attractive returns over coming periods with a favourable growth outlook and the prospect of further accretive bolt-on acquisitions. The shares remain attractively valued on a current year P/E rating of 11x.
