The Mission Marketing Group PLC Trading Update and Notice of Results (8216L)
24 July 2017 - 4:00PM
UK Regulatory
TIDMTMMG
RNS Number : 8216L
The Mission Marketing Group PLC
24 July 2017
The Mission Marketing Group plc
Trading update and notice of results
The Mission Marketing Group plc ('the mission(tm) ', 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 GBP2.0m after making acquisition
consideration payments totalling GBP3.7m in the period, reflecting
strong working capital inflows. Net debt was GBP9.3m 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 mission(tm) 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
This information is provided by RNS
The company news service from the London Stock Exchange
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