CVS’s interims provide some welcome commentary to signal that the worst is past. There is no escaping CVS underperformed in H1, but the key to today’s results is that management appears to be back in control with self-help kicking in. There is clearly more to do but we welcome the stabilisation and direction of travel. This backdrop and a strong start to H2 prompts us to upgrade our FY19 EPS by 3% and FY20 by 6%, and in doing so, ease forecast risk concerns. With market expectations low the broa ....
29 Mar 2019
Business back on the front foot
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Business back on the front foot
CVS Group plc (CVSG:LON) | 942 65.9 0.7% | Mkt Cap: 675.3m
- Published:
29 Mar 2019 -
Author:
Sahill Shan -
Pages:
8
CVS’s interims provide some welcome commentary to signal that the worst is past. There is no escaping CVS underperformed in H1, but the key to today’s results is that management appears to be back in control with self-help kicking in. There is clearly more to do but we welcome the stabilisation and direction of travel. This backdrop and a strong start to H2 prompts us to upgrade our FY19 EPS by 3% and FY20 by 6%, and in doing so, ease forecast risk concerns. With market expectations low the broa ....