CVS Group

Continued momentum; November CMD next catalyst

  • Sep 22 2022, 07:10 IST/BST
  • Colin Grant
  • Company Report
  • 5 page(s)
  • Sectors : Pharma and healthcare
  • Companies : CVS Group

Ratings and price correct at time of issue.

  • CVS Group

    Closing Price: 1610p

  • RATING 09/03/21



CVS results this morning highlight the group’s excellent revenue growth prospects and pricing power. Following 8% like-for-like (LFL) revenue growth and 30bps of margin expansion in FY 22, the first ten weeks of this financial year are off to a ‘strong’ start. With net debt/EBITDA at just 0.4x, increasing development capex and a ‘healthy’ deal pipeline, the prospects for future organic and inorganic growth remain strong. We expect to hear more about the group’s medium-term capital allocation ambitions at the Capital Markets Day on November 8th.

Download full report with analyst certification and important disclosures

Sep 22 2022, 07:10 IST/BST