An excellent H1 performance from CVS, highlighting the defensive growth attributes of the model and the leadership team prioritising organic growth. This is best evidenced by H1 EBITDA/EPS growth of 19%/37% and average customer spend 6% higher. We welcome positive current trading commentary with Jan-Feb LFL’s rising to c10% vs 7.8% in H1. There are a number of sector tailwinds and organic LFL levers which should continue to drive growth. We formally reinstate our forecasts and these reflect the ....
25 Mar 2021
Excellent interims & foundations in place for sustained growth
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Excellent interims & foundations in place for sustained growth
CVS Group plc (CVSG:LON) | 976 136.6 1.5% | Mkt Cap: 700.0m
- Published:
25 Mar 2021 -
Author:
Sahill Shan -
Pages:
3
An excellent H1 performance from CVS, highlighting the defensive growth attributes of the model and the leadership team prioritising organic growth. This is best evidenced by H1 EBITDA/EPS growth of 19%/37% and average customer spend 6% higher. We welcome positive current trading commentary with Jan-Feb LFL’s rising to c10% vs 7.8% in H1. There are a number of sector tailwinds and organic LFL levers which should continue to drive growth. We formally reinstate our forecasts and these reflect the ....