REG - Mission Marketing - Trading update and director change <Origin Href="QuoteRef">TMMG.L</Origin>

MissionAnnouncement

22/07/2015 07:01

RNS Number : 7007T
The Mission Marketing Group PLC
22 July 2015
TheMission MarketingGroup plc
Trading update and director change
The Mission Marketing Group plc ('the missiontm', AIM: TMMG), the marketing communications and advertising group, today issues the following trading update ahead of its interim results for the six months ended 30 June 2015, due to be announced on 24 September. 
Revenue and profit for the first half of 2015 are expected 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 from 9.4m at 31 December 2014 to 8.3m at 30 June 2015, and the group's leverage ratios (the ratios of net bank debt and total debt to EBITDA) remain comfortably within the limits set by the Board for these key performance indicators.
The group has made five acquisitions over the last twelve months, merged two of its existing Integrated Generalist Agencies and launched a new Specialist Agency from scratch. It has been a busy time and our recent focus has been on bedding these new businesses into the group. Looking to the future, we will seek to exploit the opportunities for further growth these new businesses bring and in addition we will continue to explore opportunities to extend our range and reach further in response to Client demand. 
Our results for the year to 31 December 2015 are again expected to have a bias towards the second half and the Board remains confident of meeting market expectations for the full year.
the missiontm also announces Stephen Boyd's intention to step down from the board at the end of the year.
Stephen, who joined the board in December 2009 as a non-executive director, has a number of business interests beyond the missiontm and has decided to concentrate on these after having served the Company for six years.
David Morgan, Group Chairman, commented: "Stephen joined us in very different times and was instrumental in steering the Company through its refinancing in 2010. We would like to take this opportunity to thank him for his valuable contribution to the board over the years and we wish him well for the future."
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 7107 8000
the missiontmis a network of entrepreneurial marketing communications Agencies employing over 850 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

This information is provided by RNS
The company news service from the London Stock Exchange
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