Last checked at (Sharecast News) - Veterinary services group CVS reported a "strong" full-year performance on Thursday, with like-for-like revenues advancing year-on-year.
CVS said like-for-like growth in the eight-months ended 28 February was 7.9% for the group as a whole and 7.1% for its practice division.
Following Downing Street's Covid-19 lockdowns in late March, the AIM-listed group said restrictions had caused a significant reduction in revenue streams but stated it had seen a steady increase in revenues over recent weeks.
However, CVS said it had not yet returned to pre Covid-19 working practices but also noted that it was still confident that full-year revenues would be comfortably ahead of the prior year.
Chairman Richard Connell said: "Improved business planning and actions taken have enabled our continuing focus on customer service and patient care.
"These combined factors give the group a greater resilience in the face of previously unseen challenges, and we look forward to providing further updates at the time of our full-year results."
As of 1005 BST, CVS shares had shot up 7.99% to 1,135p.
23 Sep 2021 11:25
Berenberg raises target price on CVS Group following FY results
(Sharecast News) - Analysts at Berenberg raised their target price on veterinary services provider CVS Group's from 2,630.0p to 2,900.0p on Thursday following the release of the company's full-year results.
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