Cello Group reports 9.4% revenue increase for first half of 2014
Cello Group has announced a 9.4 per cent increase in revenue, with gross profit having also risen by 14.8 per cent for the first half of the year.
The marketing services group, which owns The Leith Agency, Tangible Group and Blonde Digital, reported revenue of £78.3m and gross profit of £39.5m for the first six months of 2014.
Cello Health was singled out for praise, having received a number of ‘large scale, global briefs’ which had led to an increase in the team, while Cello Signal saw its social media analytics product, Pulsar, grow to work across over 60 licensed clients.
Mark Scott, chief executive of Cello, commented: "Both Cello Health and Cello Signal have performed strongly during the first six months and the business continues to expand globally in line with its stated strategy. The board remains confident of meeting full year expectations."
In May this year, the group acquired Healthcare Dynamics, which was integrated within Cello Health, while Line Digital was acquired in April.
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