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Mission Marketing (TMMG)

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Monday 14 July, 2014

Mission Marketing

Trading Update

RNS Number : 1562M
The Mission Marketing Group PLC
14 July 2014
 



 

 

The Mission Marketing Group plc 

 

Trading update

 

 

The Mission Marketing Group plc ('the missiontm', AIM: TMMG), the national marketing communications and advertising group, today issued the following trading update ahead of its interim results for the six months ended 30 June 2014, to be announced in September.

 

Trading for the first half of 2014 has been in line with management's expectations, with revenue and profit both expected to be ahead of the equivalent period last year. The group's net debt fell from £10.7m at 31 December 2013 to less than £8m as a result of strong cash flow which is typically experienced in the first half of the year, and the group's leverage ratio (ratio of net debt to EBITDA) continued its downward trend, falling below x1.25 at 30 June 2014, thereby triggering a further reduction in interest rates.

 

The group's recent ventures (April-Six's new San Francisco office, the acquisition of specialist medical Agency Solaris and, most recently, our establishment of a Singapore office) are all developing nicely, and we continue to explore opportunities to further extend our range and reach in response to Client demand. Our results for the year to 31 December 2014 are again expected to have a bias towards the second half and the Board remains confident of further progress for the full year.

 

Enquiries:                                                                                                

  David Morgan, Executive Chairman

  Peter Fitzwilliam, Finance Director

  The Mission Marketing Group plc

 

 

020 3463 2099

 

Geoff Nash/Henrik Persson (Corporate Finance)

Victoria Bates (Corporate Broking)


  finnCap Limited

020 7220 0500

 

the missiontm is a national marketing communications and advertising group with 17 offices across the UK and offices in San Francisco and Singapore. The Group specialises in providing national and international clients with award winning marketing, advertising and business communications. Group members include Addiction, April-Six, Balloon Dog, Big Communications, Bray Leino, RLA, Robson Brown, Solaris, Story, ThinkBDW and Yucca. the missiontm employs over 800 staff 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
 
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