viewCello Health PLC

Cello Health makes strong start to the year; in track to meet expectations

The strategic marketing group has seen revenues, profits and margins advance

The company provides the full suite of marketing, communications and research services for the healthcare sector

Cello Health plc (LON:CLL) said trading in the first six months of the year had been strong, adding it expects results for the year to be in line with market forecasts.

The healthcare-focused advisory group said it saw “good growth” in revenues and earnings, while profit margins were slightly higher than the comparable period last year.

READ: Cello Health confident of "achieving a successful result in 2018" after strong start to year

The Cello Health division had a “robust” first-half, with "excellent" like-for-like gross profit growth, investors were told.

Cello Signal was described as having had a “solid” start to the year. The company said while gross profit had declined slightly year-on-year, but margins have increased, meaning operating profits will expand slightly.

The businesses acquired last year are now fully absorbed into Cello and “continue to make a good contribution”, the company said.

Quick facts: Cello Health PLC

Price: 145 GBX

Market: AIM
Market Cap: £154.17 m

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