The Mission Group Share News (TMG)

Mission Group confident despite fall in operating profit

(Sharecast News) - Digital marketing and communications specialist, the Mission Group reported revenue of £86.3m in its final results for 2023 on Tuesday, reflecting an increase of £6.7m.

IN BRIEF: Mission Group revenue up; positive outlook

Mission Group PLC - Devon, England-based owner of a group of digital marketing and communications agencies - Revenue in 2023 climbs to GBP86.3 million from GP79.6 million a year earlier. Looking ahead, Mission Group says trading has started well and in line with expectations. Headline pretax profit falls to GBP4.2 million from GBP7.9 million. Swings to reported pretax loss of GBP10.9 million from a profit GBP3.7 million.

IN BRIEF: Mission rises as higher revenue expected for 2023

Mission Group PLC - Devon, England-based owner of a group of digital marketing and communications agencies - Says trading in the final quarter of 2023 "significantly improved" from the third quarter, and expects 2023 revenue of GBP87.0 million, ahead of its guidance of GBP79.8 million. This also reflects a 9.0% increase from GBP79.8 million in 2022. Headline pretax profit is expected at GBP4.3 million, also ahead of the previously expected GBP3.1 million. However, this is a drop from GBP7.8 million the year before. This also means it falls short of market expectations of GBP7.9 million. Net bank debt at December 31 is estimated to be GBP15.5 million, an improvement from the previously stated guidance of GBP24 million. Looking ahead, says trading in 2024 has started well, with a number of new business wins already secured.

Mission Group offloads its 80pc stake in Pathfindr

(Sharecast News) - Digital marketing and communication agency firm Mission Group announced on Friday that it had completed the sale of its 80% stake in Pathfinder, a non-core business entity, as part of its strategic objectives.

Mission Group sells Pathfindr stake as part of value restoration plan

(Alliance News) - Mission Group PLC on Friday said it sold an 80% stake in Pathfindr to Bandwidth Investments Ltd as part of its wider debt-reduction strategy.

IN BRIEF: David Morgan back as Mission chair after two years

Mission Group PLC - Devon, England-based owner of a group of digital marketing and communications agencies - Reinstates David Morgan as chair, replacing Julian Hanson-Smith, who has retired from the board immediately but will remain as consultant to the company in an advisory capacity. New Non-Executive Chair David Morgan founded Bray Leino, one of Mission's key agencies. Notably, Morgan was executive chair of Mission from April 2010 to October 2021. Chief Executive Officer James Clifton says: "We welcome David's return to the board. His long-standing experience of both Mission and the industry will be invaluable as we continue to deliver against our strategy."

LONDON MARKET MIDDAY: Stocks fall as Middle East conflict continues

(Alliance News) - Stock prices in London continued to fall midday Monday, as investors were unable to shake off concerns surrounding the conflict in the Middle East, while developments in the US bond market added to the drama.

AIM WINNERS & LOSERS: Mission Group shares plunge on profit warning

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

Canaccord Genuity moves Mission Group to 'speculative buy'

(Sharecast News) - Analysts at Canaccord Genuity downgraded advertising agency The Mission Group from 'buy' to 'speculative buy' on Monday and cut the target price on the stock from 61.0p to 55.0p, citing a dip in demand.

Mission Group shares drop 60% on profit warning and pulled dividend

(Alliance News) - Mission Group PLC shares plunged at the London open on Monday, after the company warned that 2023 profit will be less than half of market expectations and cancelled its previously declared interim dividend.

LONDON MARKET OPEN: Keller jumps; Mission sinks on profit warning

(Alliance News) - Stock prices in London opened lower on Monday, while oil and gold prices fell, as tensions in the Middle East continue to shake markets.

Shares plunge as Mission warns on profits, scraps dividend

(Sharecast News) - Shares in The Mission Group plunged in early trading on Monday, after the AIM-listed firm pulled its dividend and warned that full-year numbers would be "materially" below expectations.

Mission Group interim profit drops as costs outpace revenue growth

(Alliance News) - Mission Group PLC on Tuesday reported a stark fall in interim profit as costs increased more quickly than revenue.

Mission Group appointed by UK Post Office as new lead creative agency

(Alliance News) - Mission Group PLC on Monday said it was appointed as the new lead creative agency by the UK Post Office, focusing on strategic, creative and production services.

UK earnings, trading statements calendar - next 7 days