CVS Group (AIM:CVSG) – terrific results from the UK’s leading veterinary group
Interim results for the six months ending 31st December 2014 were ahead of many estimates and go some way towards justifying the Group’s premium rating. Seemingly still huge growth potential for this high flying business!
Revenue was up 19.0% to £81.9m, including like-for-like sales increasing +10.00p and adjusted EPS came in at 12.9p up a massive +34.5% with basic earnings per share increased from 4.6p to 7.0p.
Despite acquiring 10 practice surgeries in the period net debt fell to £28.7m (June 2014: £31.3m)
The real attraction of this business is the cash generation and the ability to sell a growing number of ancillary services to customers as the…
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