11th January 2006
Pre Close Trading Statement – year to 31 December 2005.
Cello Group plc (‘Cello’), the marketing services group, today provides the following pre-close trading update ahead of its preliminary results for the year to 31 December 2005. As projected, trading in the second half of the year was significantly stronger than the first half and the Board anticipates that the Group’s results for the year to 31 December 2005 will be in line with its expectations.
Since its listing in November 2004, and in line with its stated strategy, Cello has more than doubled in size through a combination of good organic growth and selected acquisitions. Cello is a highly focused marketing advisory group competing in three sub-sectors of the marketing services industry; market research and planning, brand strategy and consultancy, and direct marketing and data base management. Cello’s mission is to reach leadership in its three chosen areas of client service in terms of professional reputation, client penetration, size and international service capability.
The outlook for 2006 remains positive with all three platforms showing good revenue growth and forward visibility. This, together with increasing cross-group opportunities which are emerging, gives the Group confidence for the future.
Cello expects to announce its preliminary results for the year to 31 December 2005 on Tuesday 14 March 2006.