Vp’s full year results are comfortably ahead of expectations (PBT 3% ahead, EPS 5%), capping a highly impressive, record year for the Group. PBT increased by 33% to £26.8m driven by strong growth in most divisions, most notably Hire Station. Strong financial metrics (16% ROACE, 14% operating margin) are an endorsement of Vp’s focus on specialist activities across a breadth of industries with long term growth potential. A confident outlook statement suggests that there is more to come in FY16.
04 Jun 2015
Forecast upgrades cap record year
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Forecast upgrades cap record year
Vp plc (VP:LON) | 602 -60.3 (-1.6%) | Mkt Cap: 241.9m
- Published:
04 Jun 2015 -
Author:
James Tetley -
Pages:
7
Vp’s full year results are comfortably ahead of expectations (PBT 3% ahead, EPS 5%), capping a highly impressive, record year for the Group. PBT increased by 33% to £26.8m driven by strong growth in most divisions, most notably Hire Station. Strong financial metrics (16% ROACE, 14% operating margin) are an endorsement of Vp’s focus on specialist activities across a breadth of industries with long term growth potential. A confident outlook statement suggests that there is more to come in FY16.