The Mission Marketing Group plc (AIM: TMMG), the technology-embraced marketing communications and advertising group, is pleased to announce its audited results for the year ended 31 December 2018.
Total Group
- Revenue up 13% to £78.8m (2017: £70.0m)
- Headline operating margins improved to 12.6% (2017: 11.7%)
- Headline profit before tax up 22% to £9.5m (2017: £7.7m)
- Profit on sale of BroadCare of £3.0m
- Reported profit before tax £11.0m (2017: £5.8m)
- Reported diluted EPS 10.63 pence (2017: 5.15 pence)
- Headline diluted EPS up by 22% to 8.68 pence (2017: 7.12 pence)
- Full year dividend up by 24% to 2.1p (2017: 1.7p)
- Bank debt reduced to £4.0m (2017: £7.2m)
- Bank debt leverage ratio reduced to x0.4 (2017: x0.8)
Continuing operations**
- Revenue up 13% to £77.6m (2017: £68.6m)
- Headline operating margins improved to 12.2% (2017: 11.2%)
- Headline profit before tax up 25% to £9.0m (2017: £7.2m)
- Reported profit before tax £7.5m (2017: £5.3m)
- Headline diluted EPS up 24% to 8.23 pence (2107: 6.64 pence)
- 2019 started well
Headline measures are defined as being before the profit/loss on investments, exceptional items, acquisition-related items and start-up losses.
** Continuing operations exclude the results of BroadCare, sold on 12 November 2018
David Morgan, Chairman, commented: “We have increased our revenues and profit for the eighth year running and seen our bank debt tumble whilst continuing to increase the reward to our shareholders. There’s an energy within the Group that gives me the confidence to believe that 2019 will see this momentum continue.”
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