Vp PLC (LSE:VP.) Full Year 2025 Earnings Call Highlights: Resilient Performance Amid Market ...
Release Date: June 11, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Vp PLC (LSE:VP.) reported a resilient performance with results in line with market expectations despite varied market conditions.
The company maintained an industry-leading return on average capital employed at 14.2%, showcasing the quality of its earnings.
Vp PLC (LSE:VP.) has a strong financial position with well-controlled net debt, allowing for significant investment in fleet CapEx.
The acquisition of CPH and the launch of VP Rail are strategic moves aimed at driving profitable growth.
The company has a strong track record of consistent financial performance and high returns, supported by its focus on specialist markets.
Adjusted profit decreased from 39.9 million to 36.7 million, impacted by increased depreciation and interest costs.
The general construction market remains challenging, significantly affecting the performance of the Brandon Hire Station division.
Exceptional items totaling 10.9 million included costs related to the CPH acquisition and impairments in the Brandon Hire Station division.
The company recorded a non-cash impairment of 5.4 million within exceptional items and a further 0.9 million impairment of intangible assets.
Despite revenue growth, EBITDA remained flat due to investments in people and technology.
Warning! GuruFocus has detected 3 Warning Sign with BOM:539636.
Q: Can you provide more details on the financial impact of the CPH acquisition? A: (CFO, Keith Win Stanley) The CPH acquisition accounted for 1.7 million in exceptional items, which includes future deferred and earnout payments, an in-year gain on purchase, and acquisition-related costs such as legal fees. Post-acquisition, CPH has been trading in line with our plans, and we are optimistic about growth opportunities in the Irish market.
Q: How has the Brandon Hire Station division performed, and what actions are being taken? A: (CEO, Anna Bielby) The Brandon Hire Station division has faced challenges due to the tough general construction market. We have taken actions such as reducing branches and refining our customer target. Despite these efforts, performance has not improved as expected, leading to a non-cash impairment of 5.4 million. Further decisive actions will be completed in FY26 to improve profitability.
Q: What are the growth prospects in Ireland and Germany? A: (CFO, Keith Win Stanley) We see significant growth potential in Ireland and Germany, with investments totaling 15 million in Ireland and 8 million in Germany. These regions are expected to outperform UK growth in the short and medium term, driven by supportive market conditions and strategic investments in infrastructure and specialist construction.
Q: How is VP PLC addressing the challenges in the general construction market? A: (CEO, Anna Bielby) We are focusing on specialist construction, which has shown strong performance, and investing in fleet CapEx and M&A, such as the acquisition of CPH. We are also taking cost actions to right-size our business in response to the subdued house building market, while remaining optimistic about government targets and market improvements.
Q: What is the company's strategy for future growth and operational excellence? A: (CEO, Anna Bielby) Our strategy focuses on delivering growth and driving operational excellence through divisional growth plans, M&A, and a group go-to-market strategy. We are centralizing functions for efficiency, investing in people and digital initiatives, and supporting ESG objectives. We aim to enhance collaboration across divisions and improve customer experience to drive growth.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This article first appeared on GuruFocus.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
This Airline Is Going to Start Handing Out $675 Fines to 'Unruly' Passengers: 'It Is Unacceptable'
European airline Ryanair has announced that passengers it removes from its flights for "unruly behavior" will now face an additional fine The fine for £500 — more than $675 — will be presented to anyone whose behavior "results in them being offloaded from the aircraft" 'It is unacceptable that passengers are made to suffer unnecessary disruption because of one unruly passenger's behavior," an airline spokesperson said in a statementA major European airline announced this week that passengers who are removed from flights for "unruly behavior" will now face an additional fine in an effort to crack down on what it calls "unacceptable behavior." On Thursday, June 12, Irish airline Ryanair revealed that it is introducing a £500 fine — more than $675 — to any passenger "whose unruly behavior results in them being offloaded from the aircraft." The newly implemented fines from Ryanair, which calls itself Europe's "most punctual airline," take on an "industry-wide issue affecting all airlines," the airline said in its release. The "minimum" fine comes as the airline vows to "continue to pursue disruptive passengers for civil damages." 'It is unacceptable that passengers are made [to] suffer unnecessary disruption because of one unruly passenger's behavior," a spokesperson for the airline said in a statement. "To help ensure that our passengers and crew travel in a comfortable and stress-free environment, without unnecessary disruption caused by a tiny number of unruly passengers, we have introduced a £500 fine, which will be issued to any passengers offloaded from aircraft as a result of their misconduct." "While these are isolated events which happen across all airlines, disruptive behavior in such a confined shared space is unacceptable, and we hope that our proactive approach will act as a deterrent to eliminate this unacceptable behavior onboard our aircraft," the spokesperson added. PEOPLE reached out to Ryanair for comment but did not receive an immediate response. Michael O'Leary, Ryanair's CEO, previously argued that passengers should be limited to two drinks at airports, telling the Daily Telegraph in August that authorities "don't allow people to drink-drive, yet we keep putting them up in aircraft at 33,000ft." "In the old days, people who drank too much would eventually fall over or fall asleep. But now those passengers are also on tablets and powder," he said. "It's the mix. You get much more aggressive behavior that becomes very difficult to manage." Back in January, the airline took legal action against a passenger in Ireland, seeking £12,500 — or roughly $17,000 — claiming that they disrupted a flight to the Canary Islands, per The Guardian. The 160 passengers on board had to 'face unnecessary disruption as well as [lose] a full day of their holiday," the company said at the time, according to the outlet. Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Over in the U.S., unruly passenger incidents reported to the Federal Aviation Administration peaked in 2021, when 5,973 were reported. A total of 2,102 were reported in 2024, with 699 accounted for so far in 2025. From 2021 to 2023, the FAA levied a total of $20.9 million in fines against "unruly" passengers. Unruly passengers can face a felony conviction if referred to the FBI, fines of up to $37,000 per violation and be placed on an airline's internal no-fly list. "Former FAA Administrator Mike Whitaker reiterates that the FAA has zero tolerance for unruly passenger behavior. Dangerous passengers put everyone at risk," the agency shared in a statement on its website. "Threatening or violent behavior can distract and disrupt crew members from their primary responsibility — to ensure the safety of all passengers." Read the original article on People
Yahoo
6 hours ago
- Yahoo
B.P. Marsh & Partners PLC (LSE:BPM) Full Year 2025 Earnings Call Highlights: Record Profit ...
Net Asset Value (NAV): Increased by 42.4% to 326.4 million GBP. Profit Before Tax: 104.7 million GBP, up from 43 million GBP in the prior year. Dividend Income: Increased to just under 11p per share from 5.5p per share in the previous year. Total Shareholder Return: 44.2% for the year ended 31st January 2025. Equity Portfolio Value: Increased by 83.5% to 224.1 million GBP. Available Capital: 74.1 million GBP as of 31st January 2025, decreased to 65.2 million GBP by 10th June 2025. Loan Portfolio: 25.6 million GBP, a decrease from 28.9 million GBP the previous year. Cash and Treasury: 74.1 million GBP, up from 40.5 million GBP in January 2024. Average Interest Rate on Loans: Approximately 10%, up from 9.7% the previous year. Dividends Paid: Total of 16.8 million GBP as of 31st January 2025, with 4 million GBP paid during the financial year. Warning! GuruFocus has detected 3 Warning Sign with LSE:BPM. Release Date: June 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. B.P. Marsh & Partners PLC (LSE:BPM) reported a 42% increase in net asset value (NAV) year-on-year, rising from 250 million to over 326 million. The company delivered a profit before tax of 104 million for the year, a significant increase from 43 million in the prior year. Dividend income to shareholders increased to just under 11p per share, compared to 5.5p per share in the previous financial year. Strong performance from key investments, including Pantheon, XPT in the US, and ATC in Australia, contributed significantly to growth. The company successfully executed profitable disposals, such as Lili Plumber Risk and CBC, enhancing shareholder returns. The available capital decreased from 74.1 million to 65.2 million post-year-end due to new investments and dividend payments. The scale of share buybacks was considered small, with some investors questioning the potential for an increase. There is uncertainty regarding the potential disposal of remaining holdings by PSC, which could impact share price stability. The company faces challenges in the wider macroeconomic conditions and insurance market, which could affect future performance. Despite strong results, the company remains cautious about the valuation of potential deferred consideration payments from certain investments. Q: Does PSC intend to dispose of its remaining holdings in BP Marsh? A: Daniel Topping, Chief Information Officer, explained that PSC, now owned by Ardonna, a P/E consolidator, might consider disposing of its remaining holdings in BP Marsh. Ardonna has already sold half of its shareholding, and given the non-core nature of the investment, they might look to sell the rest in the short to medium term, although they are currently in a lockout period. Q: Can the scale of share buybacks be increased? A: Daniel Topping noted that the company has the authority to buy back up to 10% of shares, as approved at the recent EGM. They are focused on managing buybacks sensibly and in the long-term best interests of shareholders. Q: What are the financial highlights for the year ending January 31, 2025? A: Francesca Chappell, Chief Financial Officer, reported a 42.4% increase in NAV, reaching an all-time high of 326.4 million. Profit before tax was 104.7 million, with significant contributions from unrealized gains in the equity portfolio. Q: How did Pantheon perform in the financial year 2025? A: Daniel Topping highlighted Pantheon as a standout performer, experiencing significant growth across key metrics. The company has been successful in the Lloyd's broking sector, providing a compelling client proposition and attracting other brokers. Q: What is the company's strategy for new investments and disposals? A: Daniel Topping stated that BP Marsh typically targets about three new investments per annum alongside one or two disposals, subject to satisfactory returns. The company continues to focus on identifying businesses with strong management teams and growth potential. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
7 hours ago
- Yahoo
Carnival Corporation & plc Announces New $4.5 Billion Revolving Credit Facility to Upsize and Extend the Company's Revolver Capacity
MIAMI, June 13, 2025 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) (the "Company") today announced that it has successfully arranged a new $4.5 billion multi-currency revolving credit facility (the "New Revolver"). The New Revolver matures in June 2030 and will replace the existing multi-currency revolving credit facility of Carnival Holdings (Bermuda) II Limited, a subsidiary of Carnival Corporation. The New Revolver also contains an accordion feature, allowing for up to $1.0 billion of additional revolving commitments. "This 50 percent increase in our revolver meaningfully enhances our liquidity, providing opportunities to continue accelerating our debt reduction efforts," said David Bernstein, Chief Financial Officer. "Securing this significant upsize and extension to our revolver, on more favorable terms, also reflects confidence in our continued performance and achieves another milestone toward rebuilding our financial fortress." According to Bernstein, the New Revolver is a testament to the Company's continued business improvement and strong banking relationships. The New Revolver will be unsecured and initially guaranteed on an unsecured basis by the same subsidiaries of the Company that guarantee the Company's senior secured term loan facilities. Carnival Corporation and Carnival plc, each as a borrower, are entering into the New Revolver with a global syndicate of financial institutions and JPMorgan Chase Bank, N.A., as administrative agent. About Carnival Corporation & plc Carnival Corporation & plc is the largest global cruise company, and among the largest leisure travel companies, with a portfolio of world-class cruise lines - AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises and Seabourn. Cautionary Note Concerning Forward-Looking Statements Certain statements in this press release constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, the financing transactions described herein, future results, operations, outlooks, plans, goals, reputation, cash flows and liquidity and other events which have not yet occurred. Forward-looking statements reflect management's current expectations and are subject to risks, uncertainties and other factors that could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements. Factors that could affect our results include, among others, those discussed under the caption "Risk Factors" in our most recent annual report on Form 10-K, as well as our other filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained by visiting the Investor Relations page of our website at or the SEC's website at Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View original content: SOURCE Carnival Corporation & plc Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
