The Mission reports 2013 results – a year of 2 halves

The Mission Marketing Group plc today announces its results for the year ended 31 December 2013. Highlights are: a reported operating income increase of 9% to £51.6m (2012: £47.5m); headline profit before tax up 3% to £5.0m (2012: £4.9m), and an interim dividend of 0.25p paid (2012: nil) and final dividend of 0.75p (2012:nil) proposed.

Group chairman David Morgan comments that 2013 was a “transitional year” for the Group: “At the outset of the year I had hoped that 2013 would have been a bumper year for the missiontm . A lollapalooza* indeed. What transpired was a year in which we cleared up a number of issues that affected us in the first half. The second half saw us grow our business, improve our balance sheet and strengthen our resources.”

“Despite recent positive economic news, marketing budgets remained under tight scrutiny and pitches for new business were long and drawn out,” says David Morgan. “Against this difficult backdrop the Group has shown real progress.

“Our acquisition of the specialist medical Agency Solaris in October 2013 has been and will be pivotal to us as we grow our business in this healthcare area. Equally, the opening of our April-Six office in San Francisco to support our technology Clients is already paying off, as is our on-going venture to create a Far East office to facilitate Bray Leino and Group clients from Singapore.

Meanwhile the mission share price fell 9% to close at 41p today.

For the full RNS click the mission