Last checked at 24 Jul 2017 07:00
The Mission Marketing Group plc
Trading update and notice of results
The Mission Marketing Group plc ('the missiontm', or "the Group" AIM: TMMG), the marketing communications and advertising group, today issues a trading update for the six months ended 30 June 2017.
The Board is pleased to report that trading is in line with expectations and, for the first half of 2017, we again expect double digit growth in headline profit before tax.
The Group's net debt fell £2.0m after making acquisition consideration payments totalling £3.7m in the period, reflecting strong working capital inflows. Net debt was £9.3m at 30 June 2017 and the Group's leverage ratios (the ratios of net bank debt and total debt to EBITDA) again reduced during the six month period and remain comfortably within the limits set by the Board for these key performance indicators.
In common with recent years, we expect our results for the year to 31 December 2017 to again have a significant bias towards the second half and we look forward to further progress over the remainder of the year.
The Group expects its interim results, for the six months ended 30 June 2017, to be announced on 21 September.
Enquiries:
David Morgan, Executive Chairman Peter Fitzwilliam, Finance Director The Mission Marketing Group plc |
020 7462 1415 |
Geoff Nash/James Thompson (Corporate Finance) Stephen Norcross (Corporate Broking) | |
finnCap Limited | 020 7220 0500 |
the missiontm is a network of entrepreneurial marketing communications Agencies employing 1,000 people in the UK, Asia and US. The Group comprises three divisions: Integrated Generalists, Sector Specialists and Activity Specialists, which work together to provide Clients with the expertise and resource to make them more successful in today's challenging environment.
www.themission.co.uk