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About CVS Group

CVS Group is a veterinary services provider in the UK.

CVS Group Headquarter Location

CVS House, Owen Road Diss

Norfolk, England, IP22 4ER,

United Kingdom

01379 644288

Latest CVS Group News

CVS Group sales and margins continue to climb

Nov 24, 2021

Like-for-like sales were up 12.4% for the four months to 31 October CVS Group (AIM:CVSG) PLC, the chain of veterinary surgeries, reported continued strong growth for the first four months of its financial year. Like-for-like sales were up 12.4% for the four months to 31 October, with total sales up 13.8% compared to the same period last year. Adjusted EBITDA margin for the period improved 50 basis points to 19.2%, the AIM-listed group said in a statement released on the day of its annual shareholder meeting. Membership of the group's Healthy Pet Club preventative care scheme climbed roughly 8,000 to around 458,000 over the period, which represents an increase of 7.1% over the past twelve months. On outlook, CVS management said it considers "current trading is supportive of management's full year expectations and the group remains well placed to deliver further growth over the longer term". The shares rose in early trading on Wednesday before falling into the red by mid-morning to 2,405p, a 0.8% decline from the last close. Broker Peel Hunt said it is not changing forecasts at this stage having increasing them in September, but continues "to see upside potential to our numbers". Quick facts: CVS Group

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