SpaceX IPO is the biggest IPO in stock market history. Join the conversation.Click here

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
17.50    0.00 (0.00%)
Bid:
17.00
Ask:
18.00
Spread: 1.00 (5.882%)
Market Cap: £15.85m
TMG Live PriceLast checked at - London Stock Exchange

Intraday The Mission Group Share Chart

Trading Statement

26 Jan 2012 07:00

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

ο»Ώ

Β 

Β 

The Mission Marketing Group plcΒ 

Β 

Close Period update

Β 

26 January 2012

Β 

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.

Β 

Last year, we set clear goals for the future:

Β·; to focus on our core business;

Β·; to provide even greater value to our Clients;

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

Β·; to pay down debt; and

Β·; to encourage an atmosphere that drives success.

Β 

The results for 2011 again demonstrate our continued progress:

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

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

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

Β 

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.

Β 

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:

Β·; Creation of a new and very talented Healthcare Agency

Β·; Purchase of a thriving social media unit, and

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

Β 

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.

Β 

Strong cash flow is expected to reduce net debt at 31 December 2011 to Β£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.

Β 

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.

Β 

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

Β 

Β 

Enquiries:

Β  David Morgan, Executive Chairman

Peter Fitzwilliam, Finance Director

The Mission Marketing Group plc

Β 

Β 

020 7758 3525

Β 

Mark Percy (Corporate Finance)

David Banks (Corporate Broking)

Seymour Pierce Limited

020 7107 8000

Β 

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, advertisingΒ 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).

Β 

www.themission.co.uk

This information is provided by RNS
The company news service from the London Stock Exchange
Β 
END
Β 
Β 
TSTLLFEDLFIEFIF
Date   Source Headline
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
25th Oct 20065:25 pmRNSHolding(s) in Company
16th Oct 20062:07 pmRNSAdditional Listing

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.