Vp: Equity Development
Vp’s full year trading update confirms another dependably resilient performance, in line with market expectations. As in previous years, the results are underpinned by the Group’s specialist offering and the diversity of end markets served. Infrastructure is the Group’s largest end market and remains supportive as strength in Water and Transmission has offset short term softness in Rail. Construction activity, meanwhile, remains mixed, which is no surprise, given the broader economic backdrop. Good strategic progress is being made in refreshing and centralising the operating model and the digital roadmap, which we expect to underpin growth and margins over the medium to long term. The full year results will be reported in early June.
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