A very pleasing H1 trading update from CVS this morning, illustrating that the positive momentum seen at the AGM stage continued for the remainder of the period. This resulted in a very impressive 8.4% LFL outcome vs a 4% comp. Margin and employment cost commentary is equally reassuring, and debt requirements lowered going forward as cash generation accelerates from focusing primarily on organic growth. Overall, sales in the period are reported to be up 15% and we estimate this flowed through
07 Feb 2020
An excellent all round H1 outcome
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An excellent all round H1 outcome
CVS Group plc (CVSG:LON) | 954 47.7 0.5% | Mkt Cap: 683.9m
- Published:
07 Feb 2020 -
Author:
Sahill Shan -
Pages:
4
A very pleasing H1 trading update from CVS this morning, illustrating that the positive momentum seen at the AGM stage continued for the remainder of the period. This resulted in a very impressive 8.4% LFL outcome vs a 4% comp. Margin and employment cost commentary is equally reassuring, and debt requirements lowered going forward as cash generation accelerates from focusing primarily on organic growth. Overall, sales in the period are reported to be up 15% and we estimate this flowed through