Business
Final Results for the year ended 30 June 2020
Final Results for the year ended 30 June 2020.
About this update from Cvs Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9484Z\n CVS Group plc\n 24 September 2020\n \n \n \n \n \n \n \n \n For Immediate Release\n \n \n \n \n 24 September 2020\n \n \n \n \n \n \n \n \n \n \n \n \n CVS GROUP plc\n \n \n (\"CVS\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Final Results for the year ended 30 June 2020\n \n \n \n \n \n CVS, one of the UK's leading providers of integrated veterinary services, is pleased to announce its final results for the year ended 30 June 2020. The financial statements have been prepared under the requirements of IFRS 16 - 'Leases' for the first time. To aid comparability with the prior period, adjusted financial information (which is shown before the impact of IFRS 16) is also shown in the table below. The impact of IFRS 16 on the Group financial statements has been to decrease underlying profit before tax by £1.8m.\n \n \n \n \n \n Financial Highlights\n \n \n \n \n \n \n \n \n \n \n \n \n 2020\n \n \n Post- IFRS 16\n \n \n \n \n \n \n \n 2020\n \n \n Pre- IFRS 16\n \n \n \n \n \n \n \n \n \n \n 2019\n \n \n Pre-IFRS 16\n \n \n \n \n Change\n \n \n %4\n \n \n Pre-IFRS 16\n \n \n \n \n \n \n Revenue (£m)\n \n \n \n \n 427.8\n \n \n \n \n 427.8\n \n \n \n \n \n \n \n 406.5\n \n \n \n \n 5.2%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Adjusted EBITDA1 (£m)\n \n \n \n \n 71.0\n \n \n \n \n 55.3\n \n \n \n \n \n \n \n 54.5\n \n \n \n \n 1.5%\n \n \n \n \n \n \n Adjusted profit before tax2 (£m)\n \n \n \n \n 38.2\n \n \n \n \n 40.1\n \n \n \n \n \n \n \n 41.4\n \n \n \n \n (3.1%)\n \n \n \n \n \n \n Adjusted earnings per share3 (p)\n \n \n \n \n 42.0\n \n \n \n \n 44.1\n \n \n \n \n \n \n \n 46.7\n \n \n \n \n (5.6%)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Operating profit (£m)\n \n \n \n \n 18.5\n \n \n \n \n 16.2\n \n \n \n \n \n \n \n 15.6\n \n \n \n \n 3.8%\n \n \n \n \n \n \n Profit before tax (£m)\n \n \n \n \n 9.9\n \n \n \n \n 11.7\n \n \n \n \n \n \n \n 11.7\n \n \n \n \n -\n \n \n \n \n \n \n Basic earnings per share (p)\n \n \n \n \n 8.1\n \n \n \n \n 10.0\n \n \n \n \n \n \n \n 11.6\n \n \n \n \n (13.8%)\n \n \n \n \n \n \n \n ...