As expected, Vp has reported a strong conclusion to a very busy year. PBT increased by 11% to £29.8m, 5% ahead of forecast, as margins strengthened further. 2016 was therefore another record year for the Group with a positive growth outlook for 2017/18, underpinned by the recent acquisitions of Higher Access (March) and TR Pty (April). The UK businesses continue to outperform peers in supportive markets and we nudge our PBT forecasts up (+1% in FY17 and FY18) despite ongoing headwinds for Airpac ....
07 Jun 2016
A strong conclusion to a very busy year
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A strong conclusion to a very busy year
As expected, Vp has reported a strong conclusion to a very busy year. PBT increased by 11% to £29.8m, 5% ahead of forecast, as margins strengthened further. 2016 was therefore another record year for the Group with a positive growth outlook for 2017/18, underpinned by the recent acquisitions of Higher Access (March) and TR Pty (April). The UK businesses continue to outperform peers in supportive markets and we nudge our PBT forecasts up (+1% in FY17 and FY18) despite ongoing headwinds for Airpac ....