However a statement from the group, which includes Tangible Data and Tangible Response, added that it is "realistically cautious about the current outlook", noting that clients have indicated their intention to maintain their expenditure levels.
Cello's share price has fallen 14.8% since Friday's close to 32.00p, as at 11.44am yesterday. They have lost about 70 per cent in the past year.
The group also includes ad agencies Farm and Leith, digital agency Blonde as well as print managers Brightsource.
On average analysts are expecting Cello to report a pre-tax profit of £7.52m on revenues of £80.47m on March 17, according to Reuters Estimates.
In its trading update today, it added that its net debt will come in at less than £10.5m, significantly below expectations, due to strong cash conversion in the second half of 2008.
However the company has managed to increase its revolving credit facility from £18m to £20m for 2009.
Cello has also confirmed acting non-executive chairman Allan Rich has now been appointed on a permanent basis. Rich joined on 2 September to help manage the company while executive chairman Kevin Steeds took medical leave. Steeds passed away in December.
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