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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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17.50    0.00 (0.00%)
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Spread: 1.00 (5.882%)
Market Cap: £15.85m
TMG Live PriceLast checked at - London Stock Exchange

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Trading Statement

26 Jan 2012 07:00

RNS Number : 1964W
The Mission Marketing Group PLC
26 January 2012
 



 

 

The Mission Marketing Group plc 

 

Close Period update

 

26 January 2012

 

The Mission Marketing Group plc (the missiontm, AIM: TMMG), the national marketing communications and advertising group, today issued the following close period update for the year ended 31 December 2011.

 

Last year, we set clear goals for the future:

·; to focus on our core business;

·; to provide even greater value to our Clients;

·; to improve our profitability through growth and cost reductions;

·; to pay down debt; and

·; to encourage an atmosphere that drives success.

 

The results for 2011 again demonstrate our continued progress:

·; Increased revenue, from winning new Clients, developing existing Clients, and expanding via new ventures, additional talent and strategic in-fill acquisitions;

·; Increased operating profits, from revenue growth and a reduction in central costs;

·; Reduced net debt, gearing ratio and debt leverage, from a focus on cash management.

 

Trading for the full year has been in line with expectations. As predicted at the interim stage, trading again had a bias towards the second half of the year, with operating income and profit ahead of both the first half and the equivalent period in 2010.

 

In addition to the Group's principal focus, on organic growth, three small but significant deals have been completed in the year which bring strengths and opportunities to complement and enhance our existing Agencies and the services we provide to our Clients:

·; Creation of a new and very talented Healthcare Agency

·; Purchase of a thriving social media unit, and

·; Regional expansion through acquisition by our specialist Automotive Agency.

 

Each of these deals demonstrates that we are executing on our strategy, of seeking new ventures, additional talent and strategic acquisitions to accelerate growth, in a careful and selective way.

 

Strong cash flow is expected to reduce net debt at 31 December 2011 to £15.4m, further lowering our gearing (net debt to equity) and leverage (net bank debt to pre-exceptional EBITDA) ratios. The latter has fallen from x3.3 at 31 December 2010 to nearly x2.3 at 31 December 2011 and is expected to fall below x2 over the next six months.

 

We are confident that 2012 will see us continue to out-perform our competitors given the talent and capabilities we have in our Agencies. Whilst recent wins and new assignments have provided us with a great platform to go into the new year with, we will continue to tread cautiously by holding costs and focus on our core Objectives.

 

We are looking forward to the challenges ahead without being overtly dithyrambic.

 

 

Enquiries:

  David Morgan, Executive Chairman

Peter Fitzwilliam, Finance Director

The Mission Marketing Group plc

 

 

020 7758 3525

 

Mark Percy (Corporate Finance)

David Banks (Corporate Broking)

Seymour Pierce Limited

020 7107 8000

 

the missiontm is 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 almost 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
 
 
TSTLLFEDLFIEFIF
Date   Source Headline
2nd Jun 200912:23 pmRNSResult of AGM
2nd Jun 20097:00 amRNSAGM Statement
27th May 200911:24 amRNSHolding(s) in Company
22nd May 20092:28 pmRNSRescheduling of certain Group liabilities
15th May 20097:00 amRNSPlacing of New Shares
6th May 200910:59 amRNSDirector Declaration
16th Apr 20097:00 amRNSFinal Results
16th Feb 20097:00 amRNSTrading Statement
21st Jan 200911:43 amRNSHolding(s) in Company
14th Jan 20093:34 pmRNSNotification of date of Preliminary Results
21st Oct 200812:15 pmRNSDirector Declaration
23rd Sep 20087:00 amRNSInterim Results
25th Jul 20087:00 amRNSBoard Change
18th Jul 20084:31 pmRNSDirector/PDMR Shareholding
18th Jul 20084:20 pmRNSHolding(s) in Company
17th Jul 20087:00 amRNSMission pre close up date
20th Jun 200812:35 pmRNSSharesave Scheme
3rd Jun 200812:48 pmRNSResult of AGM
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21st Apr 20085:52 pmRNSDirector/PDMR Shareholding
17th Apr 20087:01 amRNSFinal Results
9th Apr 200811:22 amRNSPreliminary Result Date
25th Feb 20082:30 pmRNSCompletion of Mine Sale
8th Feb 20085:00 pmRNSPamodzi Gold General Meeting
8th Feb 20089:53 amRNSHolding(s) in Company-Amendmt
7th Feb 20088:58 amRNSHolding(s) in Company
28th Jan 20087:00 amRNSDirector/PDMR Shareholding
18th Jan 20088:00 amRNSGrant of Options
18th Jan 20087:00 amRNSTrading Statement
11th Jan 20085:00 pmRNSUpdate on Proposed Sale
20th Dec 20077:01 amRNSDirector/PDMR Shareholding
19th Dec 200712:46 pmRNSAcquisition
13th Dec 20076:30 pmRNSAGM Results and Disposal
10th Dec 200711:36 amRNSHolding(s) in Company
7th Dec 20077:00 amRNSAdditional Banking Facility
29th Nov 20075:00 pmRNS3rd Quarter Results
23rd Nov 20074:43 pmRNSHolding(s) in Company
21st Nov 20071:19 pmRNSHolding(s) in Company
16th Nov 200712:30 pmRNSNotice of Meeting
15th Nov 200711:44 amRNSEGM Statement
1st Nov 20077:01 amRNSDisposal
24th Oct 20075:30 pmRNSDebt Restructuring Plan
23rd Oct 20077:01 amRNSGBP5m placing
5th Oct 20074:30 pmRNSNon Binding Agreement
26th Sep 20077:02 amRNSInterim Results
24th Sep 20077:45 amRNSStatement re. Suspension
24th Sep 20077:45 amRNSSuspension - Thistle Mining
11th Sep 20077:00 amRNSAcquisition
6th Sep 20075:25 pmRNSNotice of Results

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