Results Centre

Year ended 31 March 2017

It has been another record-breaking performance for Vp and we are delighted with the significant progress made within the Group.

Results for the year ended 31 MarCH 2017

Group Revenue for the year

£248.7m (+19%)

  • 17% increase in profit before tax and amortisation to £34.9 million (2016: £29.8 million)  
  • 19% growth in revenues to £248.7 million (2016: £208.7 million)
  • Final dividend proposed of 16.0 pence per share, making a total of 22.0 pence for the full year (2016: 18.85 pence), an increase of 17%
  • EBITDA up 20% to £71.2 million (2016: £59.3 million)
  • Return on average capital employed 16% (2016: 16.3%)
  • Net debt of £98.9 million (2016: £86.1 million) after funding:   
    • Capital investment in the fleet of £57.6 million (2016: £45.9 million)
    • Acquisitions of £10.0 million
  • Basic earnings per share, pre-amortisation, increased 12% to 69.52 pence (2016: 62.21 pence)
  • Statutory profit before tax of £30.3 million (2016: £27.5 million) and statutory earnings per share of 60.31 pence (2016: 57.49 pence)

“It has been another record-breaking performance for Vp and we are delighted with the significant progress made within the Group.  Reflecting this excellent set of results, the Board is recommending a final dividend of 16.0 pence per share making a total for the year of 22.0 pence per share, an increase of 17%.

Looking ahead, the new financial year has started well and at this very early stage, I believe there is every prospect that we may look forward to another year of significant progress for Vp and our shareholders.”

  2016/17 2015/16  
Profit before tax and amortisation £34.9m £29.8m +17%
Revenue £248.7m £208.7m +19%
Earnings per share pre amortisation 69.52p 62.21p +12%
Dividend per share 22.00p 18.85p +17%
Return on average capital employed 16.0% 16.3%