Join our community of smart investors

CVS still offers growth

The veterinary group is still pursuing its long-term growth strategy despite short-term challenges
CVS still offers growth

Annual adjusted cash profits of £47.6m for veterinary practice operator CVS (CVSG) fell slightly short of broker Peel Hunt’s estimates. The impact of heavy snow earlier this year, combined with higher wage costs, offset an otherwise strong top-line performance, with like-for-like sales rising nearly 5 per cent. The underperformance of recent acquisitions – largely the result of staffing issues – was also disappointing, although analysts remain confident the business can get this under control during the current financial year.

IC TIP: Buy at 985p

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in