22nd Jul 2011 07:00
The Mission Marketing Group plc
Pre Close Statement
The Mission Marketing Group plc ('themission®`, AIM: TMMG), the national marketing communications and advertising group, today issued the following update ahead of its interim results for the six months ended 30 June 2011, to be announced in September.
Trading for the first half of 2011 has been in line with management's expectations. As expected, all key financial metrics - operating income (revenue), operating profit and margins - have shown good improvements over the equivalent period last year. These results reflect the group's continued focus on what it does best: providing outstanding quality for its clients whilst keeping a tight control over costs. The group's debt/equity ratio has also reduced from 34% at 31 December 2010 to c.25% at 30 June 2011 as a result of strong cash flow which is typically experienced in the first half of the year.
The result for the twelve months to 31 December 2011 is again expected to have a bias towards the second half and, whilst remaining cautious about prospects for the sector, the Board remains confident of meeting market expectations for the full year.
Enquiries:
The Mission Marketing Group plc David Morgan, Executive Chairman Peter Fitzwilliam, Finance Director
| 020 7758 3525 www.themission.co.uk |
Seymour Pierce Limited Mark Percy/ Jeremy Porter - Corporate Finance David Banks - Corporate Broking | 020 7107 8000 |
themission® is a national marketing communications and advertising group with 14 offices across the UK. The Group specialises in providing national and international clients with award winning marketing, advertising and business communications. Group members include April-Six, Big Communications, Bray Leino, Fuse Digital, RLA, Robson Brown, Spark, Story and ThinkBDW. themission® employs 600 staff nationally and is listed on AIM (TMMG).
Related Shares:
The Mission Group