REG - Mission Marketing - Trading Update, Growth Shares & Notice of Results <Origin Href="QuoteRef">TMMG.L</Origin>

MissionAnnouncement

19/01/2017 07:06

RNS Number : 4954U
The Mission Marketing Group PLC
19 January 2017
The Mission Marketing Group plc
Trading update, growth shares and notice of results
The Mission Marketing Group plc ('the missiontm' or "the Company", AIM: TMMG), the marketing communications and advertising group, today issues a trading update for the year ended 31 December 2016. 
We are pleased to report that the missiontm has again experienced a strong second half, and accordingly the Company expects 2016 to be a year of further growth, both in terms of operating income ("revenue") and profitability. Headline profit before tax for the year to 31 December is expected to be 8% higher, at 7.0m.
The Company's balance sheet remains strong and, despite settling over 3m of acquisition obligations during the year, gearing and debt leverage ratios are expected to be lower than those of 2015 and comfortably within the Board's target.
Headline profits are calculated before acquisition adjustments, losses from start-up activities and exceptional restructuring costs, if any. These adjustments are expected to be at a similar level to 2015, when they totalled 1.3m.
The Board remains committed to increasing shareholder value and intends to launch a growth share scheme later this quarter to incentivise board and operational management.
The Company expects to announce its preliminary results on 23 March 2017.
David Morgan, Chairman, commented: "Despite 2016 being a challenging year, we are delighted with another strong second half which once again allows us to start the new year with confidence. We look forward to further progress in 2017 and beyond."
Enquiries:

The Mission Marketing Group plc
020 7462 1415
David Morgan, Executive Chairman
Peter Fitzwilliam, Finance Director 



finnCap Limited
020 7220 0500
Geoff Nash/James Thompson (Corporate Finance)
Stephen Norcross (Corporate Broking)

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

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