Group chairman Kevin Steeds said the performance of Cello Group's research businesses, Leapfrog and Insight Research Group, have generated the majority of its revenue and the board expects to report minimal net debt at the year end. Full-year results are expected to be in line with market predictions.
In 2007 Cello Group will continue its strategy of expansion, both organically and by acquisition. The group is currently looking at a number of potential acquisitions in the market research field.
The group expects to announce its preliminary results for the year to 31 December 2006 on March 20. Cello Group was listed on the London Stock Exchange in November 2004.
At the beginning of September it recorded a 98% rise in pre-tax and pre-interest profits to £2.6m for the first six months of 2006.
Last year was a particularly fruitful one for Cello as it acquired Blonde Digital, Farm Communications and a 50.1% stake in digital agency Oomph. It also bought research consultancy SMT Communications in September in a deal worth £6.2m.
Cello has annual turnover of approximately £70m, annual gross profit of £40m and employs 500 staff.
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