Cello Health revenues and headline profits grow in Q1
By Iain Gilbert
Date: Wednesday 08 May 2019
(Sharecast News) - Healthcare-focused advisory group Cello Health saw like-for-like net revenue and headline pre-tax profits grow in the first quarter of its trading year, something it expects to carry over into the second quarter.
Chairman Chris Jones told investors at the group's annual general meeting on Wednesday that Cello had seen "a very good start to the year" and was confident of its second-quarter outlook.
At a segment operating level, Jones revealed Cello had also had an "excellent first quarter". In particular, the AIM-listed firm's chair said performances in its consulting businesses and in the US overall were "notable".
"The board is therefore confident of achieving a successful full year result in 2019, in line with expectations," said Jones.
Cello also said the group's balance sheet remained strong, with better than expected cash conversion so far in 2019, continuing "the strong cash conversion performance" delivered in 2018. He also noted the group was continuing to assess "suitable acquisitive growth opportunities" in the US.
As of 1035 BST, Cello shares had picked up 1% to 133.32p.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN