PRE-CLOSE TRADING STATEMENT – YEAR ENDED 31 DECEMBER 2007
15th January 2008
Cello Group plc (“Cello”, AIM: CLL), the market research and consulting group, today provides the following pre-close trading update for the year ended 31 December 2007.
Since the announcement of our interims and trading update in early September, Group trading has continued to be strong with as expected a good performance from our Response division that traditionally has a second half weighting. The Board anticipates that the Group’s results for the full year will be in line with market expectations.
The Board expects to report net debt at the year end of circa £6m, reflecting much improved operating cash conversion in the second half.
The current outlook for the Group remains positive with a strong order book as we start the year.
Cello expects to announce its preliminary results for the year ended 31 December 2007 on Tuesday 18 March 2008.