UPDATE 1-Creston FY sales, earnings above mkt view; debt falls

* Says strong performance driven by new business

* Continues to have a healthy pipeline of new business

April 20 (Reuters) - British communications company Creston Plc (CRCRE.L) said its full-year revenue and earnings beat market estimates on new business wins from across the board and that it has a healthy order pipeline, especially in digital and on-line research.

Net debt reduced by over 12 million pounds since September 2008 to about 19 million pounds ($28.1 million) after a strong performance during the second half of the financial year, the company said.

For the year ended March 31, revenue rose 4 percent from the year ago period. Analysts on average were expecting revenue of 82.50 million pounds, according to Reuters Estimates.

Net new business wins, including Panasonic (6752.T) and Germany's Boehringer Ingelheim, account for over 15 million pounds in revenue, compared with 9 million pounds in 2008.

The company said it ended the year with operating costs aligned to revenue forecast for the new financial year.

Creston shares closed at 43 pence on Friday on the London Stock Exchange. ($1=.6759 Pound) (Reporting by Purwa Naveen Raman in Bangalore; Editing by Tresa Sherin)