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VP Group increases its 2015 full year dividend by 18%

Investment Tools Ltd.
VP Group increases its 2015 full year dividend by 18%

Highlights

  • Significant improvement in profit before tax and amortisation up 33% to £26.8 million (2014: £20.1 million)
  • Revenues increased 12% to £205.6 million (2014: £183.1 million)
  • Basic earnings per share pre-amortisation rose 30% to 54.5 pence
  • Return on capital employed increased to 16.2% (2014: 13.5%)
  • Strong cash flow generation with EBITDA increasing to £53.8 million (2014: £44.3 million)
  • Increase in net debt to £66.8 million (2014: £53.0 million) after funding:
  • Capital investment in the fleet of £49.3 million
  • Acquisition of the trackside plant and equipment rental business of Balfour Beatty Rail Limited for £5.5 million
  • Final dividend proposed of 11.5 pence per share, making a total of 16.5 pence for the full year (2014: 14.0 pence), an increase of 18%



Jeremy Pilkington, Chairman of Vp plc, commented:

"It has been a record breaking year for the Group with significant progress made across all key metrics including profits, revenue, earnings per share and dividends. The economic environment in both the UK and globally is more positive than for some time and all Group business divisions are identifying significant growth and investment opportunities for the near and long term future."

"The Board believes that Vp's diverse business model coupled with an active pursuit of growth opportunities will help to continue to deliver quality returns for our shareholders. We look forward to the year ahead with much confidence."
 

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