Vp’s year end update highlights a resilient profit outturn, which is in line with expectations, despite wider challenges in certain end markets. Vp continues to be the quality player in the equipment hire market, underpinned by earnings resilience, attractive margins, high returns on capital, strong cash generation and an enviable track record. Today’s update stands in stark contrast to peers, several of which have downgraded forecasts significantly. Whilst not completely immune to industry chal ....
