Business
Final Results for the Year Ended 31 December 2020
Final Results for the Year Ended 31 December 2020.
About this update from Mission Group Public Limited Company
[{"type":"text","content":"\n \n \n \n RNS Number : 3614V\n Mission Group PLC (The)\n 14 April 2021\n \n \n \n \n \n \n \n \n \n \n \n \n \n THE MISSION GROUP plc\n \n \n (\"MISSION\", \"the Group\")\n \n \n \n \n \n FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2020\n \n \n \n \n \n 14 April 2021\n \n \n \n \n \n The MISSION Group plc \n (AIM: TMG), the alternative group for ambitious brands\n , \n today announces its final results for the year ended 31 December 2020.\n \n \n \n \n \n \n \n \n FINANCIAL HIGHLIGHTS\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Year ended 31 December \n \n \n \n \n 2020\n \n \n \n \n H1 2020\n \n \n \n \n 2019\n \n \n \n \n \n \n · \n \n \n \n \n Revenue\n \n \n \n \n £61.5m\n \n \n \n \n £29.1m\n \n \n \n \n £81.0m\n \n \n \n \n \n \n · \n \n \n \n \n Operating Profit*/(Loss)\n \n \n \n \n £1.9m\n \n \n \n \n £(1.8)m\n \n \n \n \n £10.8m\n \n \n \n \n \n \n · \n \n \n \n \n Profit Margins\n \n \n \n \n 3.1%\n \n \n \n \n (6.2)%\n \n \n \n \n 13.3%\n \n \n \n \n \n \n · \n \n \n \n \n Headline Profit/(Loss) Before Tax*\n \n \n \n \n £1.2m\n \n \n \n \n £(2.2)m\n \n \n \n \n £10.2m\n \n \n \n \n \n \n · \n \n \n \n \n Reported (Loss)/Profit Before Tax\n \n \n \n \n (£2.1m)\n \n \n \n \n £(2.3)m\n \n \n \n \n £8.3m\n \n \n \n \n \n \n · \n \n \n \n \n Earnings Per Share*\n \n \n \n \n 1.0p\n \n \n \n \n (1.92)p\n \n \n \n \n 9.47p\n \n \n \n \n \n \n · \n \n \n \n \n Diluted Earnings Per Share*\n \n \n \n \n 1.0p\n \n \n \n \n (1.92)p\n \n \n \n \n 9.00p\n \n \n \n \n \n \n \n \n \n \n \n · \n \n \n \n \n Cash conservation measures resulted in year-end net bank debt of £1.2m, an historic low (2019: £4.9M). \n \n \n \n \n \n \n \n \n \n *\n \n Headline results are calculated before acquisition adjustments, exceptional items, losses from start-up activities and investment write-offs. A reconciliation of headline to reported results is set out in Note 3.\n \n \n \n \n \n BUSINESS HIGHLIGHTS\n \n \n \n \n \n · \n \n \n \n \n Trading began to recover in H2, reversing H1 losses felt at the height of the pandemic and delivering a headline PBT performance ahead of market expectations.\n \n \n \n \n \n \n · \n \n \n \n \n Client retention remained strong, with well over 50% of revenues generated from Clients of five years or more.\n \n \n \n \n \n \n · \n \...