The Mission Marketing Group PLC Trading Update, Growth Shares & Notice of Results (4954U)
January 19 2017 - 2:00AM
UK Regulatory
TIDMTMMG
RNS Number : 4954U
The Mission Marketing Group PLC
19 January 2017
The Mission Marketing Group plc
Trading update, growth shares and notice of results
The Mission Marketing Group plc ('the mission(tm) ' or "the
Company", AIM: TMMG), the marketing communications and advertising
group, today issues a trading update for the year ended 31 December
2016.
We are pleased to report that the mission(tm) has again
experienced a strong second half, and accordingly the Company
expects 2016 to be a year of further growth, both in terms of
operating income ("revenue") and profitability. Headline profit
before tax for the year to 31 December is expected to be 8% higher,
at GBP7.0m.
The Company's balance sheet remains strong and, despite settling
over GBP3m of acquisition obligations during the year, gearing and
debt leverage ratios are expected to be lower than those of 2015
and comfortably within the Board's target.
Headline profits are calculated before acquisition adjustments,
losses from start-up activities and exceptional restructuring
costs, if any. These adjustments are expected to be at a similar
level to 2015, when they totalled GBP1.3m.
The Board remains committed to increasing shareholder value and
intends to launch a growth share scheme later this quarter to
incentivise board and operational management.
The Company expects to announce its preliminary results on 23
March 2017.
David Morgan, Chairman, commented: "Despite 2016 being a
challenging year, we are delighted with another strong second half
which once again allows us to start the new year with confidence.
We look forward to further progress in 2017 and beyond."
Enquiries:
The Mission Marketing Group
plc 020 7462 1415
David Morgan, Executive Chairman
Peter Fitzwilliam, Finance
Director
finnCap Limited 020 7220 0500
Geoff Nash/James Thompson
(Corporate Finance)
Stephen Norcross (Corporate
Broking)
the mission(tm) is a network of entrepreneurial marketing
communications Agencies employing over 950 people in the UK, Asia
and San Francisco. The Group comprises a complementary mix of
integrated generalists, specialists in specific
marketing/communications activities and specialists in particular
market sectors, all providing award-winning solutions to national
and international Clients.
www.themission.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTBXGDBIBBBGRI
(END) Dow Jones Newswires
January 19, 2017 02:00 ET (07:00 GMT)
The Mission (LSE:TMG)
Historical Stock Chart
From Apr 2024 to May 2024
The Mission (LSE:TMG)
Historical Stock Chart
From May 2023 to May 2024