CVS Group (AIM:CVSG) – the usual excellence from the highly rated veterinary group
The UK's leading provider of integrated veterinary services issued the now customary positive trading update ahead of its full year results which are due out in September. Surely it can’t be too long before this business receives a takeover approach?
Results for the year ending 30th June 2015 are expected to be in line with market expectations – pre-tax profit £17.9m and earnings per share of 23.60p – with Group revenue for the year showing total like-for-like growth of 6.8%. Organic growth continues in the core veterinary practices with membership of the Group’s Healthy Pet Club loyalty schemes up by 51,000 (32%), from 162,000 pets at the start of the year to 213,000 at the year end. These schemes are now contributing 13% of the total revenue from practices (2014: 11%). 29 surgeries, in 13 Veterinary Practices, were acquired during…