Less Ads, More Data, More Tools Register for FREE

Pin to quick picksThe Mission Group Regulatory News (TMG)

Share Price Information for The Mission Group (TMG)

Share Price is delayed by 15 minutes
Get Live Data
18.50    0.00 (0.00%)
Bid:
18.00
Ask:
19.00
Spread: 1.00 (5.556%)
Market Cap: £16.76m
TMG Live PriceLast checked at - London Stock Exchange

Intraday The Mission Group Share Chart

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
3rd Oct 20112:44 pmRNSDirector/PDMR Shareholding
30th Sep 20117:00 amRNSHalf Yearly Report
26th Sep 20117:00 amRNSNotice of Results
22nd Jul 20111:28 pmRNSGrant of Options
22nd Jul 20117:00 amRNSPre Close Statement
20th Jul 20114:28 pmRNSDirector/PDMR Shareholding
20th Jul 20117:00 amRNSDirectorate Change
12th Jul 20118:56 amRNSHolding(s) in Company
13th Jun 201112:25 pmRNSResult of AGM
23rd May 201111:32 amRNSDirector/PDMR Shareholding
13th May 20111:05 pmRNSPosting of Annual Report
28th Apr 20117:00 amRNSDirectorate Change
19th Apr 20115:28 pmRNSHolding(s) in Company
15th Apr 201110:20 amRNSDirector Shareholding
12th Apr 201111:26 amRNSDirector/PDMR Shareholding
31st Mar 20117:00 amRNSFinal Results
24th Mar 20119:24 amRNSNotification of Final Results
28th Jan 20117:00 amRNSTrading Update
16th Dec 20109:43 amRNSAcquisition of certain assets of Robson Brown
18th Nov 20107:00 amRNSDirector/PDMR Shareholding
17th Nov 20107:00 amRNSDirector/PDMR Shareholding
16th Nov 20107:00 amRNSDirectorate Change
24th Sep 20107:02 amRNSDirectorate Change
24th Sep 20107:00 amRNSInterim Results
17th Sep 20109:00 amRNSNotice of Results
14th Jul 20106:31 pmRNSGrant of Options
14th Jul 20107:00 amRNSTrading Update
18th Jun 20103:28 pmRNSHolding(s) in Company
18th Jun 201011:48 amRNSHolding(s) in Company
16th Jun 20109:14 amRNSDirector/PDMR Shareholding
14th Jun 201012:28 pmRNSResult of AGM
20th May 20107:00 amRNSAnnual Report and Notice of AGM
13th May 20107:00 amRNSIssue of Equity
15th Apr 20105:44 pmRNSDirector Disclosures
15th Apr 20107:00 amRNSBoard Changes
15th Apr 20107:00 amRNSPreliminary Results
26th Mar 20103:26 pmRNSHolding(s) in Company
24th Mar 20104:30 pmRNSHolding(s) in Company
24th Mar 20103:33 pmRNSHolding(s) in Company
23rd Mar 20105:38 pmRNSHolding(s) in Company
22nd Mar 20105:20 pmRNSHolding(s) in Company
2nd Mar 20107:00 amRNSClose Period update
16th Dec 20098:00 amRNSChange of registered address
16th Dec 20097:00 amRNSBoard Changes
4th Dec 20095:21 pmRNSHolding(s) in Company
25th Sep 20097:00 amRNSHalf Yearly Report
24th Jul 200912:33 pmRNSIssue of LTIP Options & Directors Dealing
24th Jul 20097:00 amRNSTrading Update
29th Jun 200910:51 amRNSDirectorate Change
10th Jun 200911:35 amRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.