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CVS Group disappoints again, but is the sell-off overdone?

02/08/2018 · CVS Group (CVSG) 

CVS Group disappoints again, but is the sell-off overdone?
Having reassured with a more positive trading update in January, shares in the UK’s leading veterinary group took another beating this week after a disappointing trading update. Is it time to give up on this hitherto high-flying cash machine, or keep the faith?

CVS Group (AIM:CVSG) now operates a total of 482 veterinary surgeries - 458 in the UK, 21 in the Netherlands and 3 in the Republic of Ireland - an online dispensary, four diagnostic laboratories and seven pet crematoria. It’s therefore a substantial player in what remains a highly fragmented market.

- So, what ‘s gone wrong?

The latest trading update covered results for the financial year ending 30 June 2018.

Total Group revenue…

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