CVS Group plc – Interim report for the six months ended 31 December 2018
29th March 2019
Financial highlights
| Six months ended 31 December 2018 (Unaudited) | Six months ended 31 December 2017 (Unaudited) |
Change4 %
|
|
| Revenue (£m) | 195.1 | 157.8 | 23.7 |
| Adjusted EBITDA (£m) 1 | 23.8 | 24.0 | (0.8) |
| Adjusted profit before income tax (£m) 2 | 17.4
|
18.3
|
(4.9) |
| Adjusted basic earnings per share (pence) 3 | 19.7 | 22.9 | (14.0) |
| Operating profit (£m) | 3.4 | 8.1 | (58.0) |
| Profit before income tax (£m) | 1.6 | 6.2 | (74.2) |
| Basic earnings per share (pence) | 1.2 | 7.8 | (84.6) |
- Sales growth of 23.7%
- Like-for-like sales increase of 4.0%
- Adjusted EBITDA down at £23.8m (0.8%)
- Adjusted EPS down to 19.7p (14.0%)
- Net debt as at 31 December 2018 of £116.8m (30 June 2018: £69.0m)
- 23 practice surgeries acquired during the period
1 Adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) is profit before income tax, net finance expense, depreciation, amortisation, costs relating to business combinations and exceptional items.
2 Adjusted profit before income tax is calculated as profit on ordinary activities before amortisation, taxation, costs relating to business combinations and exceptional items.
3 Adjusted earnings per share is calculated as adjusted profit before income tax less applicable taxation divided by the weighted average number of ordinary shares in issue during the period.
4 Percentage increases and decreases have been calculated throughout this document based on the underlying values.
- Download the full interim report (PDF 369KB)
- Download the interim results presentation (PDF 974KB)