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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
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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
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
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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
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17th Sep 20109:00 amRNSNotice of Results
14th Jul 20106:31 pmRNSGrant of Options
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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
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24th Mar 20103:33 pmRNSHolding(s) in Company
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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
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29th Jun 200910:51 amRNSDirectorate Change
10th Jun 200911:35 amRNSDirector/PDMR Shareholding
10th Jun 200911:30 amRNSChange in Option Scheme
9th Jun 200912:05 pmRNSHolding(s) in Company

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