
21 Mar 2016
H1-16 interims – continuing to exceed expectations
Interims are 3% ahead of our forecast at the PBT level and we push through further EPS upgrades of 3-4% this morning. To deliver 3% LFL growth in H1-16 vs. a tough 10% comp whilst completing an unprecedented level of strategically important acquisitions reflects favourably on management and the growing strength of the business model. We are encouraged by a solid start to H2-16 and commentary around future growth opportunities. We see CVS as a solid double-digit compounder, with attractive growth ....

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H1-16 interims – continuing to exceed expectations
CVS Group plc (CVSG:LON) | 1,286 334.4 2.1% | Mkt Cap: 922.6m
- Published:
21 Mar 2016 -
Author:
Sahill Shan -
Pages:
9 -
Interims are 3% ahead of our forecast at the PBT level and we push through further EPS upgrades of 3-4% this morning. To deliver 3% LFL growth in H1-16 vs. a tough 10% comp whilst completing an unprecedented level of strategically important acquisitions reflects favourably on management and the growing strength of the business model. We are encouraged by a solid start to H2-16 and commentary around future growth opportunities. We see CVS as a solid double-digit compounder, with attractive growth ....