CVS sales growth steady

14th Jul 2009 08:27

Vet services supplier CVS grew like-for-like sales by 2% last year, in line with the first half. Total sales increased by approximately 23%, with £6m of the increase down to acquisitions. Operating profit is expected to be broadly in line with market expectations. The net debt position has improved since the half year, CVS added. The group now operates 59 small animal veterinary practices from 167 surgeries, one equine veterinary practice, 4 veterinary diagnostic laboratories and a pet crematorium and cemetery. The acquisition pipeline continues to be buoyant and offers opportunities in each of our areas of activity, CVS said.