UK's CVS Group full-year revenue rises on Australia expansion

CVS

24/09/2026 07:10

Overview
UK veterinary services provider's full-year revenue grew 5.9% yr/yr, supported by Australia expansion
Adjusted EPS for the year rose 6.9%, reflecting resilient earnings growth
Company completed £20 mln share buyback and began £50 mln programme, £11.7 mln completed by year-end

Outlook
Company expects to perform in line with market expectations for FY27
CVS targets medium-term organic like-for-like revenue growth of 4-8%
Company sees continued growth opportunities in Australia and UK, with ongoing acquisition pipeline

Result Drivers
AUSTRALIA EXPANSION - Revenue growth benefited from acquisitions and increased scale in Australia, now representing about 11% of group revenue
COST PRESSURES - Margins were maintained despite higher National Insurance contributions, wage inflation and IT costs through efficiency savings and cost control
UK DEMAND WEAKNESS - Like-for-like growth was held back by weak UK consumer confidence, higher personal taxation, and political uncertainty
WEATHER IMPACT - Extreme hot weather in the UK in May and June reduced revenue growth in the final quarter

Company press release: ID:nRSX0616Wa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Basic EPS
 
GBP 0.24
 
FY EBIT
 
GBP 47.60 mln
 
FY Pretax Profit
 
GBP 32 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the healthcare facilities & services peer group is "buy"
Wall Street's median 12-month price target for CVS Group PLC is GBp1,615.00, about 24% above its September 23 closing price of GBp1,302.00
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)