REG - Mission Marketing - Trading update and notice of results <Origin Href="QuoteRef">TMMG.L</Origin>

MissionAnnouncement

21/07/2016 07:00

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 missiontm', 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 1.5m after making cash consideration payments totalling 2.6m in the period, reflecting strong working capital inflows. Net debt was 9.4m 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 missiontmis 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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