26th May 2006
AGM Trading Statement
At the Annual General Meeting of Cello Group plc to be held today, Kevin Steeds, Chairman, will make the following statement:
‘Since the announcement of our preliminary results in March, the Group has continued to make good progress, with results for the first quarter comfortably ahead of budget. Overall trading for the financial year remains in line with expectations with revenue visibility across all of our businesses continuing to be strong.
‘Our market research platform has enjoyed a very strong start to the year reflecting the investments in staff and product offering made last year and is showing excellent organic growth.
‘We are committed to our strategy of building a research and data led consulting Group around our three platforms; planning & research, brand consulting and response. We are focused on developing businesses with secure earnings based on the intellectual capital of high quality and experienced professionals providing services in growing areas of customer demand.
‘We continue to invest in our existing portfolio of companies to accelerate their organic growth, including several new digital and on line initiatives. In addition we are appraising a small number of exciting new opportunities in all areas of our operations that will further develop our capabilities and add shareholder value.’