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
5th Jun 201912:03 pmRNSEBT Share Dealings
4th Jun 20197:00 amRNSGrowth Share Scheme
20th May 20195:18 pmRNSDirector/PDMR Shareholding
23rd Apr 20192:36 pmRNSDirector/PDMR Shareholding
23rd Apr 20199:53 amRNSDirector/PDMR Shareholding
9th Apr 20197:01 amRNSIssue of Equity
9th Apr 20197:00 amRNSFinal Results & Board Changes
22nd Jan 20197:00 amRNSTrading update and Notice of results
5th Dec 20181:43 pmRNSDirector/PDMR Shareholding
23rd Nov 20185:25 pmRNSDirector/PDMR Shareholding
15th Nov 20187:00 amRNSDirector/PDMR Shareholding
12th Nov 20187:00 amRNSDisposal
19th Sep 20187:00 amRNSHalf-year Report
26th Jul 20187:00 amRNSDirector/PDMR Shareholding
23rd Jul 20187:00 amRNSTrading update and notice of interim results
10th Jul 20187:00 amRNSBoard changes
19th Jun 20182:33 pmRNSResult of AGM
22nd May 20182:11 pmRNSEBT Share Dealings
22nd May 20182:11 pmRNSHolding(s) in Company
9th May 20182:51 pmRNSDirector/PDMR Shareholding
19th Apr 20187:00 amRNSHolding(s) in Company
10th Apr 20187:00 amRNSAcquisition of Krow Communications
10th Apr 20187:00 amRNSFinal Results
25th Jan 20187:00 amRNSTrading Statement
6th Dec 201710:15 amRNSDirector/PDMR Shareholding
31st Oct 20171:41 pmRNSHolding(s) in Company
17th Oct 20177:00 amRNSHolding(s) in Company
16th Oct 20173:33 pmRNSDirector/PDMR Shareholding
6th Oct 20172:47 pmRNSDirector/PDMR Shareholding
21st Sep 20177:00 amRNSHalf-year Report
4th Sep 20177:00 amRNSChange of Adviser
1st Aug 20177:00 amRNSLTIP Options
27th Jul 201710:11 amRNSLTIP Options
24th Jul 20177:00 amRNSTrading Update and Notice of Results
19th Jun 20172:01 pmRNSResult of AGM
27th Apr 20177:40 amRNSAcquisition of RJW & Partners
23rd Mar 20177:00 amRNSAudited results for the year to 31 December 2016
6th Mar 20177:00 amRNSBoard Changes
22nd Feb 20177:00 amRNSGrowth Share Scheme
19th Jan 20177:00 amRNSTrading Update, Growth Shares & Notice of Results
12th Dec 20167:00 amRNSDirectors Dealing
25th Nov 20167:00 amRNSDirector Dealing
18th Nov 20167:00 amRNSReceipt of Industry Awards
12th Oct 20163:30 pmRNSDirector/PDMR Shareholding
10th Oct 20167:00 amRNSLaunch of new Sales Promotion business
22nd Sep 20167:00 amRNSHalf-year Report
21st Jul 20167:00 amRNSTrading update and notice of results
14th Jun 20162:58 pmRNSResult of AGM
17th May 20163:56 pmRNSLTIP Awards
31st Mar 20163:34 pmRNSIssue of deferred consideration shares

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.