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IN BRIEF: Mission Group revenue up; positive outlook

ALN

Mission Group PLC - Devon, England-based owner of a group of digital marketing and communications agencies - Revenue in 2023 climbs to £86.3 million from GP79.6 million a year earlier. Looking ahead, Mission Group says trading has started well and in line with expectations. Headline pretax profit falls to £4.2 million from £7.9 million. Swings to reported pretax loss of £10.9 million from a profit £3.7 million.

Non-Executive Chair David Morgan comments: ‘The difficulties encountered in 2023 as a result of the challenging trading backdrop have been well recorded. Nevertheless the year has still seen the group continue to grow revenues with strong client retention and strategic new business wins.’

Current stock price: 21.90 pence, closed up 0.7% in London on Thursday

12-month change: down 60%

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