CVS’s AGM update highlights excellent top-line progress, tempered somewhat by cost pressures. It has experienced strong sales growth across all divisions resulting in a better than anticipated 4.7% LFL showing for the first 4 months. However, there is reference to margin dilution owing primarily to higher than anticipated locum cost challenges. Management continue to work hard on recruitment and actions are in place to mitigate cost pressure going forward. Acquisition related newsflow is broadly ....
29 Nov 2018
AGM – Excellent sales start but cost pressures a drag
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AGM – Excellent sales start but cost pressures a drag
CVS Group plc (CVSG:LON) | 952 9.5 0.1% | Mkt Cap: 683.1m
- Published:
29 Nov 2018 -
Author:
Sahill Shan -
Pages:
3
CVS’s AGM update highlights excellent top-line progress, tempered somewhat by cost pressures. It has experienced strong sales growth across all divisions resulting in a better than anticipated 4.7% LFL showing for the first 4 months. However, there is reference to margin dilution owing primarily to higher than anticipated locum cost challenges. Management continue to work hard on recruitment and actions are in place to mitigate cost pressure going forward. Acquisition related newsflow is broadly ....