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The Markets
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CVS Group raises full-year revenue, earnings expectations after strong run

There has been a steady increase in customer demand since the end of March

CVS Group PLC (LON:CVSG) said full-year revenue and adjusted underlying earnings (EBITDA) will top management expectations.

The veterinary services provider said sales are remaining strong and there has been a steady increase in customer demand since the end of March.

READ: CVS Group posts positive revenue trends after strong half-year

The Royal College of Veterinary Surgeons has now transitioned from providing essential services only to all procedures based on professional judgement and appropriate biosecurity.

CVS said this decision makes it increasingly confident that this strong performance will continue for the remaining months of the financial year ending in June, alongside the COVID-19 vaccine rollout and the easing of restrictions.

The group has also recently acquired Greensands Veterinary Clinic, a small animal practice in Hertfordshire.

Shares rose 3% to 2,055p early on Friday.

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