Business
Final Results for the year ended 31 December 2019
Final Results for the year ended 31 December 2019.
About this update from Mission Group Public Limited Company
[{"type":"text","content":"\n \n \n RNS Number : 3165I\n Mission Group PLC (The)\n 01 April 2020\n \n \n \n \n \n \n \n 1 APRIL 2020\n \n \n The Mission Group plc\n \n \n (\"MISSION\" \"The Company\" or \"The Group\")\n \n \n FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019\n \n \n NINTH CONSECUTIVE YEAR OF GROWTH DELIVERED AGAINST CHALLENGING TRADING BACKDROP\n \n \n MISSION (AIM:TMG), the alternative group for ambitious brands, is pleased to announce final results for the year ended 31 December 2019. \n \n \n FINANCIAL HIGHLIGHTS \n \n \n \n \n \n \n Year ended 31 December\n \n \n \n \n 2019\n \n \n \n \n 2018\n \n \n \n \n \n \n \n \n \n · \n REVENUE\n \n \n \n \n £81.0M\n \n \n \n \n £77.6M\n \n \n \n \n 4%\n \n \n \n \n \n \n · \n OPERATING PROFIT\n *\n \n \n \n \n £10.8M\n \n \n \n \n £9.9M\n \n \n \n \n 8%\n \n \n \n \n \n \n · \n PROFIT MARGINS\n \n \n \n \n 13.3%\n \n \n \n \n 12.8%\n \n \n \n \n \n \n \n \n \n · \n HEADLINE PROFIT BEFORE TAX*\n \n \n \n \n £10.2M\n \n \n \n \n £9.2m\n \n \n \n \n 11%\n \n \n \n \n \n \n · \n REPORTED PROFIT BEFORE TAX\n \n \n \n \n £8.3M\n \n \n \n \n £7.7M\n \n \n \n \n 8%\n \n \n \n \n \n \n · \n EARNINGS PER SHARE*\n \n \n \n \n 9.47p\n \n \n \n \n 8.67p\n \n \n \n \n 9%\n \n \n \n \n \n \n · \n DILUTED EARNINGS PER SHARE*\n \n \n \n \n 9.00p\n \n \n \n \n 8.46p\n \n \n \n \n 6%\n \n \n \n \n \n \n \n \n \n \n *\n \n Headline results are calculated before acquisition adjustments, start-up costs and profit/loss on investments (as set out in Note 4). \n \n \n \n \n \n \n · \n Ninth consecutive year of growth despite challenging market backdrop\n \n \n \n \n \n \n · \n Robust \n performance reflects strength of Agencies in our portfolio\n \n \n \n \n \n \n · \n Strong cash generation with \n net cash from operating activities increasing to £9.3m\n \n \n \n \n \n \n · \n Debt leverage ratios remain comfortably within Board limits\n \n \n \n \n \n \n · \n Decision to pay final dividend of 1.53p per share remains on hold, as part of measures to conserve cash in current unprecedented trading conditions as a result of the outbreak of COVID-19\n \n \n \n \n \n \n \n \n \n BUSINESS HIGHLIGHTS \n \n \n \n \n \n \n · \n Successful completion of launch and repositioning of MISSION brand during the year is already driving early successes in new business development in 2020\n \n \n \n \n...