Mission Marketing announced results for the financial year ending Dec 2018. Headline operating margins improved to 12.6%, while headline PBT increased 22% to £9.5m. Diluted EPS was 10.63p and net debt reduced to £4.0m. The full-year dividend rose 24% to 2.1p.
Revenue from continuing operations increased 13%, while headline operating margins improved to 12.2%. Headline and reported PBT stood at £9.0m and £7.5m, respectively.
The company will issue a total of 938,214 ordinary shares at 10p each as part of a settlement on earn-out obligations. A total of 158,799 and 779,415 ordinary shares will be issued to the vendors of RJW & Partners and Krow Communications, respectively. Following the issue, there will be 85,295,565 ordinary shares in issue with the company.
David Morgan, Mission Marketing’s 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.”