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Companies >
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CVS Group plc >
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AGM update highlights positive all-round momentum

  • 26 Nov 2020

AGM update highlights positive all-round momentum


CVS Group plc (CVSG:LON) | 1,526 -122.1 (-0.5%) | Mkt Cap: 1,079m


  • N+1 Singer
    • Sahill Shan

    • 3 pages

Medical Equipment & Services image


 
Medical Equipment & Services image


A positive AGM update from CVS this morning, illustrating a continuation of solid trading momentum since the Sept finals. LFL sales in the first four months were ahead by 5.1% vs a stiff 8% comp. This implies an acceleration to 6.3% over Sep-Oct - an excellent showing, reflecting resilience and ongoing self-help to optimise revenue generation. Significantly, this flows through to a healthy EBITDA margin back above 15%. Trading during the current lockdown has not been much impacted and this bodes ....

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AGM update highlights positive all-round momentum


CVS Group plc (CVSG:LON) | 1,526 -122.1 (-0.5%) | Mkt Cap: 1,079m


  • Published: 26 Nov 2020
  • Author: Sahill Shan
  • Pages: 3
  • N+1 Singer


A positive AGM update from CVS this morning, illustrating a continuation of solid trading momentum since the Sept finals. LFL sales in the first four months were ahead by 5.1% vs a stiff 8% comp. This implies an acceleration to 6.3% over Sep-Oct - an excellent showing, reflecting resilience and ongoing self-help to optimise revenue generation. Significantly, this flows through to a healthy EBITDA margin back above 15%. Trading during the current lockdown has not been much impacted and this bodes ....


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