Today’s H1 update is directionally positive, with the favourable trends seen at the AGM continuing in the final 2 months of the period. This is evidenced in a strong financial outcome, with LFL sales up 7.8% (6.5% adjusted) and clean EBITDA growth of 14% - an excellent outcome with limited CV19 impact. Cash generation in the period was also good and leverage continues to reduce. Going forward, underlying sector trends are expected to remain favourable and we see various levers to support 5-8% or ....
29 Jan 2021
Strong H1 update reinforces premium credentials
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Strong H1 update reinforces premium credentials
CVS Group plc (CVSG:LON) | 954 104.9 1.2% | Mkt Cap: 684.2m
- Published:
29 Jan 2021 -
Author:
Sahill Shan -
Pages:
3
Today’s H1 update is directionally positive, with the favourable trends seen at the AGM continuing in the final 2 months of the period. This is evidenced in a strong financial outcome, with LFL sales up 7.8% (6.5% adjusted) and clean EBITDA growth of 14% - an excellent outcome with limited CV19 impact. Cash generation in the period was also good and leverage continues to reduce. Going forward, underlying sector trends are expected to remain favourable and we see various levers to support 5-8% or ....