CLL.L Regulatory News (CLL)

11 Jan 2007 07:01

Cello Group plc11 January 2007 11 January 2007 Cello Group plc Pre Close Trading Statement - year to 31 December 2006 Cello Group plc ("Cello", AIM: CLL), the market research and consulting group,today provides the following pre-close trading update for the year to 31December 2006. Trading in the second half of the year has continued to be strong and the Boardanticipates that the Group's results for the full year will be in line withmarket expectations. Performance in our research businesses, which generate the majority of the Groupprofits, has been particularly encouraging, continuing the trend highlighted inthe interim results. The Board expects to report minimal net debt at the year end, reflecting solidoperating cash conversion over the year. In 2007 the Group will continue its stated strategy of focussed expansion bothorganically and by acquisition. We are currently assessing a number of earningsenhancing opportunities in our key areas of specialism. The current outlook remains positive with a strong initial order book as westart the year. Cello expects to announce its preliminary results for the year to 31 December2006 on Tuesday 20 March 2007. Enquiries Cello GroupKevin Steeds, Executive Chairman 020 7812 8460 College HillAdrian Duffield/Ben Way 020 7457 2020 Notes to Editors (www.cellogroup.co.uk) Cello is a market research and consulting group that listed on AIM in November 2004. The Group's strategy is to create value for shareholders by building a portfolioof research and consulting businesses capable of advising blue chip clientsglobally. Cello has annualised turnover of approx. £70million, annualised gross profit ofsome £40million and employs approx, 500 professional staff. This information is provided by RNS The company news service from the London Stock Exchange