CVS Group (AIM:CVSG) nice update from UKs largest veterinary group
In addition to operating improvements the mild autumn weather and continuing improvement in general economic conditions helped boost the numbers.
The Group made six further acquisitions of 10 small animal surgeries since 30 June 2014 bringing the total number of surgeries to 272 with the aggregate historical annualised turnover of the acquired businesses approximately £4.5m generating aggregate EBITDA of approximately £ 1.1m. The acquisition multiple of approx. 6x EBITDA continues to be attractive.
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