The Mission Marketing Group PLC Trading update and notice of results (7837E)

TIDMTMMG

RNS Number : 7837E

The Mission Marketing Group PLC

21 July 2016

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 2016.

The Board is pleased to report that we again expect both revenue and profit for the first half of 2016 to show double digit growth over the equivalent period last year, benefiting from both organic growth and the acquisitions made in the second half of last year.

The Group's net debt fell GBP1.5m after making cash consideration payments totalling GBP2.6m in the period, reflecting strong working capital inflows. Net debt was GBP9.4m at 30 June 2016 and the Group's leverage ratios (the ratios of net bank debt and total debt to EBITDA) have both reduced during the six month period and remain comfortably within the limits set by the Board for these key performance indicators.

We expect our results for the year to 31 December 2016 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 2016, to be announced on 22 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 over 950 people in the UK, Asia and San Francisco. The Group comprises a complementary mix of integrated generalists, specialists in specific marketing/communications activities and specialists in particular market sectors, all providing award-winning solutions to national and international Clients. www.themission.co.uk

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July 21, 2016 02:00 ET (06:00 GMT)