Vp AGM Statement July 2026

Vp’s AGM statement confirms another period of resilient trading despite varying conditions across the Group’s end markets. This once more reflects the strength of a diversified business model, specialist focus and technical expertise. Vp is on track to deliver a significant recovery in profitability in the current year, driven in particular by savings from last year’s Brandon Hire Station restructuring, alongside the implementation of a refreshed strategy under new CEO Alice Woodwark. In our view, a current year P/E rating of 8x (dividend yield ~8%) materially undervalues the quality of the business and its long-term earnings growth potential. We maintain our 750p/ share Fair Value estimate. Read the research note here: https://www.equitydevelopment.co.uk/research/resilient-trading-and-strategic-progress