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Interim Results for the six months ended 31 December 2008 - 17 March 2009

For immediate release       17 March 2009

CVS Group plc (“CVS” or “the Group”)

Complete document PDF (CVS Interim Results Report)

 

Interim Results for the six months ended 31 December 2008

 

CVS, one of the UK's leading providers of veterinary services, is pleased to announce record interim results for the six months ended 31 December 2008.

 

KEY POINTS

  Six months ended       Six months ended       % change
  31.12.08 31.12.07  
  £'000 £'000  
       
Revenue 37,237 28,542 +30.5
EBITDA (adjusted)* 6,079 4,437 +37.0
Profit before income tax (adjusted)* 3,896 2,482 +57.0
Profit/(loss) before income tax 1,866 (1,587) NA
Earnings/(loss) per share (Adjusted)* 5.2p 3.2p 62.5
Earnings/(loss) per share (Basic) 2.1p (3.5p) NA

 

* Adjusted figures are disclosed in the full interim statement

Commenting on the outlook, Chairman Richard Connell said:

“The focus on delivering growth both organically and through acquisition and, in particular, cash and profit generation, is expected to continue. The resilience of the business to the current recession augurs well for the time when more normal economic conditions eventually return”.

 

Complete document PDF (CVS Interim Results Report)

 

CVS Group plc: 01379 644 288

Simon Innes - Chief Executive
Paul Coxon - Finance Director

 

Buchanan Communications: 020 7466 5000

Richard Oldworth

Ben Romney

 

CVS (UK) Limited, CVS House, Vinces Road, Diss, Norfolk IP22 4AY  01379 644288
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