CVS Group Plc (CVSG.L), a British integrated veterinary services provider, on Thursday reported that its first-half total group revenue went up 11.4 percent to 329.9 million pounds from last year's 296.3 million pounds.
Like-for-like sales increased 6 percent, within the target range of 4 percent to 8 percent outlined in November 2022.
For the first half, adjusted EBITDA margin remains consistent with the prior period at around 19 percent. A slight improvement in gross margin was offset by increased utilities and other costs and continued investment in support functions.
Healthy Pet Club preventative care scheme has 500,000 members as of December 31, up 4 percent from 481,000 members last year.
The company expects to announce its first-half interim results on February 29.
Looking ahead for fiscal 2024, the company expects to deliver results in line with market expectations.
The firm remains on track to deliver further growth over the longer term.
In London, CVS shares were trading at 1,648 pence, up 0.1 percent.
For comments and feedback: editorial@rttnews.com