Share price: 163.50p


18th March 2008

Strong acquisitive and organic growth drive profit up 29%.

Cello Group plc (“Cello”, AIM:CLL “The Group”), the market research and consulting group, today announces its preliminary audited results for the year to 31 December 2007.

Financial Highlights

    Turnover up 45.0% to £108.3m (2006: £74.7m)
    Operating income up 46.4% to £56.8m (2006: £38.8m)
    Like-for-like operating income growth of 16.1% (2006: 15.7%)
    Like-for-like operating profit growth of 7.1% (2006: 27.3%)
    Headline profit before tax up 28.8% to £7.6m (2006: £5.9m)
    Basic headline earnings per share up 19.8% to 15.06p (2006: 12.57p)
    Headline operating cash flow conversion strong at 97%
    Net debt of £5.8m (2006: £1.1m)
    Full year dividend up 20% to 1.2p (2006: 1.0p)
    Encouraging start to year and good forward visibility for 2008
    Like-for-like operating income up 13.8% in first two months of 2008

    Operational Highlights

      Consolidation behind two lead brands: Cello (Research) and Tangible (Response)
      Rebranding of a number of Response businesses
      Net organic headcount investment of 82 people across Group
      Investment in organic international growth
      Acquisitions during year grow core offering

      Kevin Steeds, Chairman, commented:

      “These results represent another excellent year for the Group with significant growth in all key financial metrics. Once again, we are particularly pleased with our like-for-like operating income growth which significantly exceeds overall market growth rates.

      “Cello is a focused group of scale and quality in Research and Response with a solidly growing international revenue stream.

      “We have made an encouraging start to 2008, and with a strong pipeline and order book, are confident of another successful year.”


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