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Cello says 2015 trading in line; new year has started well

Wed, 27th Jan 2016 12:15

(ShareCast News) - Health and consumer strategic marketing company Cello Group said trading in the year ended 31 December 2015 was good, with revenue and profit in line with market expectations.The group said its health division maintained good like-for-like revenue growth and a competitive profit margin as it benefited from trading as a unified business under its global client-facing brand and good US growth.Cello Health Insight, Cello Health Consulting and Cello Health Communications maintained strong like-for-like revenue growth with "very competitive" overall operating profit margin.Cello Health Consumer, however, experienced a slower year, as revenue and profit slipped on the back of project deferrals.Cello said good progress was made in developing the new biotech client base, to complement the core pharmaceutical revenue base of the business, on the West Coast of the US with key client wins during the year.The company said net debt at year end was less than £5m, reflecting solid cash flow conversion for the period.Cello said it has kicked off 2016 with good bookings momentum from the last quarter of 2015, expressing confidence over the year ahead.Finally, it said negotiations were ongoing with HMRC regarding potential VAT on work for UK charities."The group and its advisers continue to believe that its current provision for VAT and associated expenses of £3.2m is appropriate. Whilst progress has been made with HMRC on this issue, it has as yet not been concluded. The provision made is before any client recovery of input VAT."At 1224 GMT, Cello shares were up 0.4% to 80.80p.
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18 Sep 2013 08:15

Cello Group Raises Dividend 10% After Strong First Half Performance

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17 Jul 2013 15:52

STOCKS NEWS EUROPE-UK small caps close up 0.1 pct

The FTSE Small Caps Index closed up 0.1 percent and junior-listed AIM shares added 0.4 percent, against the mid-caps and the blue chips, up 0.3 and 0.2 percent respectively. Marketing company Cello added 11 percent after saying it continued to experience robust trading for the six months to

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17 Jul 2013 11:58

Cello Group expects to hit full year targets

Marketing firm Cello said robust trading continued in the first six months to end of June and it is confident results for the full year will be in line with expectations. Cello Health has continued to grow revenues, with most income coming from outside the UK. Cello Consumer has returned to strong

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14 May 2013 08:33

Robust trading at Cello Group

Marketing firm Cello said strong trading has continued so far this year, driven by its health division and a recovery at its consumer unit, and expects half year results higher than last year. The group said a strong pipeline of work secured at the end of 2012 and continued healthy new business act

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17 Apr 2013 07:20

Wednesday broker round-up UPDATE

African Barrick Gold: Deutsche Bank cuts target price from 230p to 173p, while its hold recommendation is reiterated. Ashmore Group: Morgan Stanley raises target price from 395p to 444p and maintains an equal-weight rating. Ashtead Group: Jefferies increases target price from 615p to 690o and reit

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13 Mar 2013 08:25

Cello hikes dividend after fruitful second half

Marketing firm Cello Group said after a challenging first half, it recovered strongly in the second half, as it looks forward to further progress in the current year. Gross profit rose 7.2% to £65.1m for the year to December 31st 2012 with like-for-like gross profit up 2.6% despite the challenging

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28 Jan 2013 16:55

STOCKS NEWS EUROPE-UK small caps close 0.5 pct higher

The FTSE Small Caps index closes 0.5 percent, outperforming a 0.2 percent gain by the FTSE 100 index, with the FTSE 250 index flat. Borders & Southern Petroleum jumps 13.5 percent after the energy group says the development of its gas condensate discovery at the Darwin project in the Falkl

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28 Jan 2013 11:54

STOCKS NEWS EUROPE-UK small caps edges up 0.2 pct by midday

The FTSE Small Caps index is up 0.2 percent by midday, outperforming a flat FTSE 100 index and a 0.1 percent fall by the FTSE 250 mid-cap index. Borders & Southern Petroleum jumps 14.6 percent after the energy group says the development of its gas condensate discovery at the Darwin project

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28 Jan 2013 09:53

Cello optimistic for 2013

Marketing firm Cello Group reported that 2012 trading had been in line with expectations and it was 'in good stead' as it went into the new year. The firm said its Cello Health division enjoyed an encouraging new business period in the last quarter of 2012, which provided confidence for the start t

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28 Jan 2013 09:37

STOCKS NEWS EUROPE-UK small caps index up, outpaces FTSE 100

The FTSE small caps index is up by 0.2 percent, outpacing both the blue-chip FTSE 100, up 0.1 percent, and the FTSE mid-caps index, which is flat. Borders & Southern Petroleum surges 14.6 percent after the energy group says it is considering doing more drilling work at its Darwin site in th

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19 Sep 2012 10:04

Small caps round-up: AEA Tech, OpSec Security, Cello

Energy and sustainability consultancy AEA Technology has warned trading conditions remain challenging, but said good progress is being made in the implementation of its business plan. The company is able to consider all strategic options to realise value after it recently secured additional short-te

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15 May 2012 13:12

Small caps round-up: Cello, DDD, Kewill...

Marketing firm Cello Group has reported good trading during the first three months of the year, reflecting 'the strong pipeline of work secured at the end of 2011 and a solid flow of bookings'. The research and consulting division was a strong performer, while the group's focus on the pharmaceutic

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14 Mar 2012 15:32

Genus Finance Director sells 43,000 shares

John Worby, Group Finance Director of Genus, the FTSE 250 animal genetics firm, has sold 43,000 shares, half of the amount he vested earlier this month. Worby sold 43,261 shares at 1,318.41p each for a total of £570,357. The sale was made further to the vesting of 86,523 conditional nil-cost share

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13 Mar 2012 13:52

Cello to up the tempo

Market insight and strategic marketing combo Cello has whacked up its full year dividend by a fifth, despite one off costs turning earnings per share negative. Headline profit before tax, which excludes amortisation, impairment and restructuring costs, rose 10.2% to £7.1m in 2011 from £6.4m in 2010

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13 Sep 2011 07:55

Cello on song

First half numbers from marketing group Cello were music to the ears of shareholders on Tuesday morning as the group unveiled a robust performance. Revenue grew 2.3% from £61.5m to £62.9m on a like-for-like basis, while gross profit increased to £30.5m (2010 H1: £29.9m). Headline profit before tax

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