MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


IN BRIEF: CVS held back by soft UK online retail, laboratory arm sales

ALN

CVS Group PLC - Norfolk, England-based provider of veterinary services - On Thursday, says sales increased 6.6% to £341.8 million in the six months to December 31 from £320.5 million a year prior. Says adjusted earnings before interest, taxes, depreciation and amortisation increases by 4.5% to £67.4 million from £64.5 million a year prior with an adjusted Ebitda margin of 19.7% in line with target. Like-for-like sales for the period compared to the first half were hit by 1.1% by a continuation of softer market conditions in the UK most notably in online retail and laboratory businesses. Performance across the core Veterinary Practice division is flat and CVS expects to deliver year on year growth in this division and across the group in the second half. Estimates impact to year ending June 30 2026 of £8 million from national insurance scheme changes and £3 million from national living wage/national minimum wage rises. Is targeting cost synergies in Australia and efficiencies in the UK to offset these increases.

Current stock price: 980.00 pence, down 0.6% in London on Friday

12-month change: down 42%

Copyright 2025 Alliance News Ltd. All Rights Reserved.