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Pin to quick picksThe Mission Group Regulatory News (TMG)

Share Price Information for The Mission Group (TMG)

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18.00    -0.50 (-2.70%)
Bid:
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Spread: 2.00 (11.765%)
Market Cap: £16.31m
TMG Live PriceLast checked at - London Stock Exchange

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Pre Close Trading Update

18 Jul 2012 07:01

RNS Number : 8937H
The Mission Marketing Group PLC
18 July 2012
 

The Mission Marketing Group plc

 

Pre Close Update

 

The Mission Marketing Group plc ('the missiontm` or 'the Group', AIM: TMMG), the national marketing communications and advertising group, today issued the following update ahead of its interim results for the six months ended 30 June 2012, to be announced in September.

 

Trading for the first half of 2012 has been in line with management's expectations, with billings, operating income ("revenue") and operating profit all expected to be ahead of the equivalent period last year. As predicted in our preliminary announcement at the end of March, the group's leverage ratio (ratio of net debt to EBITDA) has reduced to below the Board's target of x2 in the first half of the year, and the group's gearing ratio (net debt to equity) fell from 26% at 31 December 2011 to c20% at 30 June 2012 as a result of strong cash flow which is typically experienced in the first half of the year. As a result of the reduction in net debt, lower interest costs have resulted in a strong year-on-year increase in pre-tax profits.

 

The result for the twelve months to 31 December 2012 is again expected to have a bias towards the second half and, whilst conditions throughout the marketing communications sector remain difficult, the Board remains confident of further progress for the full year.

 

As the Group further reduces its debt levels, the Board anticipates that it will be able to declare a dividend next year. The Board looks forward to returning to the dividend list and this is a result of significant progress since the Group's refinancing in 2010.

 

Enquiries:

 

The Mission Marketing Group plc

David Morgan, Executive Chairman

Peter Fitzwilliam, Finance Director

 

020 3463 2099

 

finnCap Limited

Geoff Nash/Henrik Persson (corporate finance)

Simon Starr (corporate broking)

020 7220 0500

 

 

the missiontmis a national marketing communications and advertising group with 14 offices across the UK. The Group specialises in providing national and international clients with award winning marketing, advertising and business communications. Group members include April-Six, Big Communications, Bray Leino, RLA, Robson Brown, Story and ThinkBDW. the missiontm employs over 700 staff nationally and is listed on AIM (TMMG).

 

www.themission.co.uk

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTUBUBRUWABAAR
Date   Source Headline
11th Sep 20077:00 amRNSAcquisition
6th Sep 20075:25 pmRNSNotice of Results
4th Sep 20072:30 pmRNSInterim Results
3rd Sep 20074:30 pmRNSNon Binding Offer
22nd Aug 20073:45 pmRNSUpdate
17th Aug 20075:40 pmRNSAIM Rule 26
17th Aug 200710:09 amRNSAIM Rule 26 Information
6th Aug 20075:21 pmRNSExtension Approved by Court
26th Jul 20072:30 pmRNSExtension of AGM Date
19th Jul 200710:07 amRNSHolding(s) in Company
12th Jul 20077:01 amRNSTrading Statement
27th Jun 20072:30 pmRNS1st Quarter Results
24th May 200712:16 pmRNSResult of AGM
24th May 20077:00 amRNSAGM Statement
22nd May 20072:30 pmRNSAnnual Report and Accounts
22nd May 20072:30 pmRNSRestoration - Thistle Mining
2nd May 20077:01 amRNSLate filing of financials
19th Apr 200711:36 amRNSHolding(s) in Company
11th Apr 20075:02 pmRNSDebt Restructuring Plan
5th Apr 20074:39 pmRNSDirector/PDMR Shareholding
30th Mar 200710:03 amRNSDirector/PDMR Shareholding
29th Mar 20077:30 amRNSSuspension of Trading
29th Mar 20077:30 amRNSSuspension-Thistle Mining
28th Mar 20074:44 pmRNSHolding(s) in Company
28th Mar 20073:04 pmRNSHolding(s) in Company
26th Mar 20075:41 pmRNSDirector/PDMR Shareholding
26th Mar 20077:02 amRNSFinal Results
21st Mar 20074:08 pmRNSTVR & Holding in Company
20th Mar 20075:49 pmRNSHolding(s) in Company
19th Mar 20078:00 amRNSResults of General Meeting
16th Mar 20077:02 amRNSAcquisition
14th Mar 20077:00 amRNSAcquisition
13th Mar 200710:56 amRNSAmendment to Transaction
16th Feb 20072:00 pmRNSSpecial Shareholders Meeting
7th Feb 20072:30 pmRNSDirectorate Change
1st Feb 200710:21 amRNSHolding(s) in Company
1st Feb 20077:01 amRNSDisposal
1st Feb 20077:01 amRNSReserve & resource statement
25th Jan 20074:42 pmRNSDirectorate Change
24th Jan 200710:41 amRNSHolding(s) in Company
22nd Jan 200711:46 amRNSHolding(s) in Company
19th Jan 20072:03 pmRNSChange of Registered Office
16th Jan 20077:01 amRNSTrading Update
11th Jan 20075:57 pmRNSHolding in Company
13th Dec 20062:30 pmRNSTransactions and Update
11th Dec 20067:00 amRNSVoting Rights
27th Nov 20063:00 pmRNSHolding(s) in Company
10th Nov 20063:30 pmRNS3rd Quarter Results
31st Oct 20065:06 pmRNSHolding(s) in Company
26th Oct 20066:22 pmRNSHolding(s) in Company

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