REG - Mission Marketing - Trading Update <Origin Href="QuoteRef">TMMG.L</Origin>

MissionAnnouncement

06/09/2014 16:25

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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 missiontmis 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 
 
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