CVS has had a good H2 both operationally and from a top-line perspective prompting an unscheduled trading update this morning. There is positive LFL sales news with momentum accelerating in H2, whilst self-help measures are helping across various facets of the business. The upshot is that management signal an expectation of the FY19 EBITDA being ahead of market expectations. We push through a 7% EPS upgrade for the current year and 6% each for FY20 and FY21. Overall, a pleasing update which is a ....
28 Jun 2019
Good H2 LFL momentum and self-help support upgrades this morning
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Good H2 LFL momentum and self-help support upgrades this morning
CVS Group plc (CVSG:LON) | 942 65.9 0.7% | Mkt Cap: 675.3m
- Published:
28 Jun 2019 -
Author:
Sahill Shan -
Pages:
4
CVS has had a good H2 both operationally and from a top-line perspective prompting an unscheduled trading update this morning. There is positive LFL sales news with momentum accelerating in H2, whilst self-help measures are helping across various facets of the business. The upshot is that management signal an expectation of the FY19 EBITDA being ahead of market expectations. We push through a 7% EPS upgrade for the current year and 6% each for FY20 and FY21. Overall, a pleasing update which is a ....