Vp plc (VP) Earnings Call Transcripts

Vp plc's Latest Earnings Call - June 12, 2026

In the fiscal year ending March 2026, Vp plc reported a revenue decline of approximately 6% to GBP 358 million, driven by a nearly 10% drop in U.K. revenues, partially offset by a 14% increase in international revenues. Adjusted profit before tax fell to GBP 27 million, down from GBP 36.7 million, reflecting a net margin contraction to 7.5%. Management maintained the dividend at 39.5p per share, signaling confidence in the underlying business despite challenging market conditions. The restructuring of the Brandon Hire Station division has been completed, which management believes will pivot the company towards higher-margin specialist sectors, enhancing future profitability.

Reported metrics

Guidance from management

Management expects to deliver in line with market expectations for FY '27, focusing on growth in international markets and specialist sectors while navigating ongoing challenges in the U.K. construction market.

What management said

Thank you, Rachel. Really appreciated. Welcome, everybody, and thank you very much for joining this morning. I'm really pleased to be sharing with you our financial results for the year just gone on March 2026. As Rachel said, my name is Alice, I would be incoming CEO for Vp are joined in February. -- joined by.

Great question. For me, I think we need to make the best use of our geographic mix. So we are not just a U.K. company. I think that's become really clear in our latest set of results. And I think we need to go where the opportunities are. So yes, we remain really focused on getting the best out of the U.K. market, but I think there's some really interesting things happening in overseas markets, and we're well placed ...

What analysts pressed on

Analysts expressed concerns regarding the high net debt levels nearing the company's leverage limit of 2x and the impact of ongoing market headwinds on future profitability. There were questions about how effectively the company could pass on rising costs to customers amidst inflationary pressures.

Main topics on the call

• Revenue Decline — Vp plc experienced a revenue decline of approximately 6% to GBP 358 million, with U.K. revenues down nearly 10%. Management noted, 'U.K. segment has been impacted by challenging conditions, particularly in general constr...
• International Segment Growth — The international segment saw a 14% increase in revenues, driven by the full-year impact of last year's acquisition in Ireland. This segment now represents about one-third of the group's overall operating profit.
• Brandon Hire Station Restructuring — The restructuring of the Brandon Hire Station division has been completed, with management stating, 'Everything that we said we would deliver back in November has now been done.' This is expected to enhance focus on B2B ...
• Digital Roadmap Implementation — Vp has launched a price quote tool as part of its digital roadmap, which is already supporting margin improvements. Management highlighted that 'we're already seeing that supporting our margins.'

Read the full Vp plc transcript (June 12, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 18 Vp plc earnings call transcripts on record, spanning June 8, 2021 to June 12, 2026. Based on this history, Vp plc reports quarterly. The most recent call on file is dated June 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

VP

Exchange

LSE

Country

GB

Sector

Industrials

Industry

Trading Companies and Distributors

Calls on record

18

First call

June 8, 2021

Most recent

June 12, 2026

Reporting cadence

quarterly