Vp Projects FY26 Profits Amid Mixed Market Conditions
Vp anticipates FY26 profits between £26m to £29m amidst challenging macroeconomic conditions. Continued demand in infrastructure sectors positions Vp for potential growth despite subdued housebuilding activity.
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Vp expects to report profits of £26m to £29m for FY26, consistent with previous guidance. The company notes strong demand in the electricity transmission sector across the UK and Europe, while rail activity remains steady with good future project visibility.
Positive indicators in the water sector and supportive conditions in the specialist construction market, especially in London and the Republic of Ireland, have been identified. Housebuilding is currently subdued, although it may improve with the start of Homes England's Social and Affordable Homes Programme (SAHP) 2026-2036. Vp's diversified model and financial strength are essential as the board expresses confidence in future performance despite mixed market conditions.
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