Pre-Close Trading Update

RNS Number : 5133Y

CVS Group plc

08 July 2008

 



For Immediate Release

8 July 2008

CVS Group PLC 

('CVS' or the 'Company')

Pre-Close Trading Update

Ahead of entering the close period for its full year results, CVS, one of the UK's leading providers of veterinary services, announces an update on trading for the year ended 30 June 2008.

The Company has performed in line with expectations in the second half of the year and continues to make progress in the acquisition of UK veterinary practices and laboratories. During the year ended 30 June 2008 the Company acquired 10 practice groups consisting of 30 individual veterinary surgeries, and one veterinary laboratory operating from four sites.

All acquisitions have been successfully integrated into the Company's operations and a further veterinary surgery has been acquired since the year end. It operates from one site in the Teesside area where CVS already owns a number of other practices. The historic turnover of this practice is in the region of £880k per annum.

The Group now has 54 practices operating from 151 surgeries and four laboratories, employing a total of 359 vets.

The Company will continue its focus on acquiring well established practices achieving excellence in terms of clinical care, and assisting those individual surgeries to focus on the provision of 'great animal care' through the provision of a broad range of central services.

The Preliminary Results for the full year will be announced on 16 September 2008.

Contacts: 

CVS Group plc 

Simon Innes, Chief Executive 

Paul Coxon, Finance Director 

01379 644 288 

Buchanan Communications 

Richard Oldworth

Suzanne Brocks 

020 7466 5000

 

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