03:00 Tue 12 May 2015
Cello Group plc - AGM Statement
For Immediate Release |
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('Cello' or the 'Group')
AGM STATEMENT
"The Group continues to make good progress, with strong headline revenue growth particularly in
Cello Signal (www.cellosignal.com) revenue continues to grow well organically, benefiting from a number of large digitally led contracts secured in late 2014. The focus remains on the transition to a fully digitally focused platform trading at improved operating margin. Cello Signal has embarked on a series of efficiency measures which in due course will have a positive margin impact. It is expected that the first half of 2015 will be slower than 2014 due to investment in staff costs and the timing of revenues in the recently started high growth US business and a particularly strong first half 2014 comparator due to the one off contract which ran from 2013 to
The VAT issue covered in announcements made in 2014 and with the 2014 full year results, which resulted in a 2014 provision of
The Board continues to be confident of a successful full year for 2015.
Enquiries:
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020 7812 8460 |
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Cenkos |
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020 7397 8927 |
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Buchanan |
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020 7466 5000 |
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Robbie Ceiriog-Hughes |
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