13 September 2011 - 7:35am | posted by | 1 comment

Cello Group eyes international growth as it announces 2.3% revenue growth

Cello Group eyes international growth as it announces 2.3% revenue growthCello Group eyes international growth as it announces 2.3% revenue

In release its interim results for the first half of 2011, marketing services group Cello has claimed a growth in revenue of 2.3%.

The company, which owns marketing agencies such as The Leith Agency, Tangible, Farm and a number of pharmaceutical marketing agencies, said that its revenue grew to £62.9m during the first half of the year, with a gross profit growth of 1.9% to £30.5m and an operating profit of £2.5m.

The group also said that there was ‘good revenue visibility’ and a ‘project pipeline’ for the second half of 2011.

Mark Scott, chief executive, commented: “Cello is benefiting from its focus on servicing the pharmaceutical sector, along with other high margin client sectors, on an international basis. This focus has been enhanced by the recent acquisition of MedErgy. The Group has a powerful combination of online data gathering, advisory capability, and the ability to help clients implement their global marketing strategies. This is a good basis for continued growth and we are confident that management expectations for 2011 will be met.”
 

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13 Sep 2011 - 09:04
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