The Mission Group delivers 'strong, profitable growth' in FY24
By Iain Gilbert
Date: Tuesday 21 Jan 2025
(Sharecast News) - Marketing firm The Mission Group said on Tuesday that it had delivered "strong, profitable growth" in FY24, underpinning its confidence for FY25.
The Mission Group stated it had continued to see "a resilient trading performance" across all segments in H2 and now expects to report FY24 revenue growth of 2% to £88.0m.
The AIM-listed firm also said its "diligent cost control" over the course of the year had underpinned profitable growth, with headline operating profits expected to be between £9.0m and £9.2m - up approximately 38% on the prior year and in line with market expectations. Headline operating margins were expected to be 10.5% for FY24, a year-on-year improvement of 40%.
Interim chief executive Mark Lund said: "2024 has seen MISSION not only deliver a resilient trading performance but take great strides to strengthen the business for the future, ensuring we are leaner and less complex with a significantly improved balance sheet.
"We enter 2025 with momentum and confidence and look forward to capitalising further on this progress as we focus on delivering for our clients, our people and our shareholders."
As of 1130 GMT, Mission shares were up 1.59% at 32.0p.
Reporting by Iain Gilbert at Sharecast.com
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