Business
FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024
FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024.
About this update from Mission Group Public Limited Company
[{"type":"text","content":"\n\nTHE MISSION GROUP plc\n(\"MISSION\", \"the Group\")\n \nFINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2024\n \nSuccessful completion of Value Restoration Plan drives profitable earnings and margin recovery\nStrong platform for growth in 2025\n \n25 March 2025\n \nThe MISSION Group plc (AIM:TMG), the Brand Performance Group, comprising of digital marketing and specialist communications Agencies, announces its final results for the year ended 31 December 2024 (\"FY2024\" or \"the year\").\n \nFINANCIAL HIGHLIGHTS\n\n\n\n\nYear ended 31 December,\n\n\n2024\n£m\n\n\n2023\n£m\n\n\nchange\n\n\n\n\nTotal operations\n\n\n\n\n\n\n\n\n\n\n\n\n\n· REVENUE (OPERATING INCOME)*\n\n\n87.7\n\n\n86.6\n\n\n1.3%\n\n\n\n\n· HEADLINE OPERATING PROFIT*\n\n\n9.1\n\n\n5.0\n\n\n80%\n\n\n\n\n· REPORTED PROFIT BEFORE TAX*\n\n\n2.9\n\n\n(12.0)\n\n\n+14.9\n\n\n\n\nContinuing operations**\n\n\n\n\n\n\n\n\n\n\n\n\n\n· REVENUE (OPERATING INCOME)*\n\n\n75.9\n\n\n74.3\n\n\n2.1%\n\n\n\n\n· HEADLINE OPERATING PROFIT*\n\n\n7.9\n\n\n6.5\n\n\n20%\n\n\n\n\n· HEADLINE PROFIT MARGINS\n\n\n10.4%\n\n\n8.8%\n\n\n1.6pts\n\n\n\n\n· HEADLINE PROFIT BEFORE TAX*\n\n\n5.1\n\n\n4.2\n\n\n19%\n\n\n\n\n· REPORTED PROFIT/(LOSS) BEFORE TAX\n\n\n1.9\n\n\n(10.7)\n\n\n+12.7\n\n\n\n\n· HEADLINE EARNINGS PER SHARE*\n\n\n3.8p\n\n\n3.3p\n\n\n+0.5p\n\n\n\n\n· HEADLINE DILUTED EARNINGS PER SHARE*\n\n\n3.8p\n\n\n3.3p\n\n\n+0.5p\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n· NET BANK DEBT\n\n\n9.5\n\n\n15.4\n\n\n+5.9\n\n\n\n\n \n*Headline results are calculated before acquisition and disposal adjustments, start-up costs, goodwill and business impairment, bank refinancing, equity placing and restructuring costs (as set out in Note 3).\n** Continuing operations excludes the disposal of April Six on 31 December 2024.\nSTRATEGIC AND OPERATIONAL HIGHLIGHTS\nSuccessful completion of Group's Value Restoration Plan (\"VRP\") provides strong platform for profitable growth in 2025.\nThe successful execution of the Group's VRP, as originally a...