Vp’s trading update confirms an in line conclusion to FY21 and highlights a further improvement in demand at the start of the new financial year. Revenues have recently returned to 95% of pre-COVID levels, comfortably ahead of the 89% we had factored in for FY22. Adjusting for the current run rate prompts a 12% upgrade to current year EPS forecasts. We see continued scope for outperformance against prudently positioned forecasts and believe the discount to peers fails to reflect Vp’s recovery po ....
07 Apr 2021
Recovery strengthening, significant FY22 upgrades
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Recovery strengthening, significant FY22 upgrades
Vp plc (VP:LON) | 555 -27.8 (-0.9%) | Mkt Cap: 222.9m
- Published:
07 Apr 2021 -
Author:
James Tetley -
Pages:
3
Vp’s trading update confirms an in line conclusion to FY21 and highlights a further improvement in demand at the start of the new financial year. Revenues have recently returned to 95% of pre-COVID levels, comfortably ahead of the 89% we had factored in for FY22. Adjusting for the current run rate prompts a 12% upgrade to current year EPS forecasts. We see continued scope for outperformance against prudently positioned forecasts and believe the discount to peers fails to reflect Vp’s recovery po ....