CVS Group (CVSG)

Sector:

Retailers

Index:

FTSE AIM 50

993.00p
   
  • Change Today:
    -23.00p
  • 52 Week High: 1,196.00p
  • 52 Week Low: 798.00p
  • Currency: UK Pounds
  • Shares Issued: 71.74m
  • Volume: 231,991
  • Market Cap: £712.38m
  • RiskGrade: 136

CVS shares tumble as group looks set to fall short of market expectations

By Iain Gilbert

Date: Tuesday 29 Jan 2019

LONDON (ShareCast) - (Sharecast News) - AIM-listed veterinary group CVS warned investors on Tuesday that it looked set to fall short of market expectations in the first half of its trading year.
CVS, which has poured much of its attention into the Dutch farm and equine markets over the last two years, said the early performance from its new focus points had been "disappointing", with results falling short of board expectations.

While sales increased 23.7% across the group, gross margins contracted to 76.2% from the 79.5% seen in the first half after an increased mix of lower margin farm business in the latter half of the year.

CVS also noted that employment costs in the six months ended 31 December were "well above" those seen in 2018.

"In light of the above and certain other cost increases, the group expects to announce EBITDA for H1 2019 that is broadly flat compared to H1 2018," said CVS.

Looking forward, CVS said it had highlighted "a number of cost savings" which it anticipates will generate savings in both the second half and the remainder of the calendar year.

As of 1200 GMT, CVS shares had tanked 28.335% to 467.65p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CVS Group Market Data

Currency UK Pounds
Share Price 993.00p
Change Today -23.00p
% Change -2.26 %
52 Week High 1,196.00p
52 Week Low 798.00p
Volume 231,991
Shares Issued 71.74m
Market Cap £712.38m
RiskGrade 136

CVS Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
46.78% below the market average46.78% below the market average46.78% below the market average46.78% below the market average46.78% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
7.01% below the market average7.01% below the market average7.01% below the market average7.01% below the market average7.01% below the market average
5.56% above the sector average5.56% above the sector average5.56% above the sector average5.56% above the sector average5.56% above the sector average
Income
90.81% below the market average90.81% below the market average90.81% below the market average90.81% below the market average90.81% below the market average
90% below the sector average90% below the sector average90% below the sector average90% below the sector average90% below the sector average
Growth
35.27% below the market average35.27% below the market average35.27% below the market average35.27% below the market average35.27% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CVS Group Dividends

  Latest Previous
  Final Final
Ex-Div 31-Oct-24 02-Nov-23
Paid 29-Nov-24 08-Dec-23
Amount 8.00p 7.50p

Trades for 03-Apr-2025

Time Volume / Share Price
16:35 297 @ 993.00p
16:35 297 @ 993.00p
16:35 174 @ 993.00p
16:35 31,271 @ 993.00p
16:35 141 @ 993.00p

CVS Group Key Personnel

CEO Richard Fairman
Finance Director Robin Alfonso

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