The Mission Group Regulatory News (TMG)

16 Jan 2007 07:01

The Mission Marketing Group PLC16 January 2007 16 January 2007 The Mission Marketing Group plc. Pre-Close Update for the year to 31 December 2006 The Mission Marketing Group plc ('themission(R)', AIM: TMMG), the nationalmarketing communications and advertising group, today issued the following pre-close update for the year to 31December 2006, prior to entering its closeperiod ahead of the preliminary results announcement on 26 March 2007. During the second half of the year trading has remained strong across the Group,in line with the Board's expectations. The benefits of the Group's broaderservice offer and increased geographical reach are coming through with clientsusing more services in more locations. In particular, the Group's new media andon-line operations have performed very well reflecting its strength in thisimportant and growing media segment. Consistent with the comments made at the time of the interim results, themission(R)'s multiple revenue streams, cost efficient operational structureand lack of dependence on traditional mass media is helping drive above industryaverage organic growth and margin performance. Overall, the Board believes thatthe Group is well positioned to continue to outperform the sector. In 2006 themission(R)'s agencies won numerous industry awards in recognition oftheir creative excellence and effectiveness both on and off line. Last week,Fuse Digital received the award for "Midlands Digital Agency of the Year 2006"from The Drum Magazine (Adline). The Drum awards are based on a combination ofthe quality of campaigns completed and the agencies new business performance. New business wins for Fuse in 2006 included British Heart Foundation and Miele.In addition Lucozade became Fuse's biggest new business win when it consolidatedits entire digital account for all brands into the agency early last year. In 2007 the Group will continue to implement its stated strategy of drivingorganic growth across its existing network as well as adding new, complementarycapabilities with a view to leveraging its existing expertise and extending itsgeographic footprint. The current year has started well and the Group is incurrent discussions with a number of acquisition opportunities; provenbusinesses in high-growth sectors, which offer potential for further earningsenhancement. Enquiries Iain Ferguson, Chief ExecutiveTim Alderson, Chief Financial OfficerMission Marketing Group plc 020 7395 7575 Charles Palmer/Nicola BilesFinancial Dynamics 020 7831 3113 The Mission Marketing Group The mission(R) is a national marketing communications and advertising group withoffices across the UK. The Group specialises in providing national andinternational clients with award winning marketing, advertising and businesscommunications. Group members include Bray Leino, Big Communications and FuseDigital. This information is provided by RNS The company news service from the London Stock Exchange