Mission Group chairman to make AGM statement
The Mission Marketing Group will make a statement at its AGM later today claiming that the company is ‘outperforming industry average growth rates.’
Maude’s statement will read: "Consistent with the comments made at the time of the Group’s preliminary results in April, 2008 made for a challenging trading environment, which deteriorated particularly rapidly during the second half. Despite this themission® had a good year, outperforming industry average growth rates.
“Our strategy to build a dynamic, profitable national communications group has served
The Mission well, and this is reflected in our agencies’ continued new business success with recent wins including The Royal Mint, Countrywide Lettings and the Office of National Statistics.
“As announced on 15 May 2009, support from institutional investors in response to the
Group’s preliminary results for the year ended 31 December 2008, allowed us to raise
£1million (gross) through the placing of new shares with new and existing institutional
shareholders.
“We were also pleased to announce recently the rescheduling of certain liabilities in order to ensure appropriate working capital is available for the Group going forward.
We continue to monitor closely the economic environment and are taking a cautious
approach to managing our central and agency cost base. Current trading is in line with the Board’s expectations and the Group remains well positioned in the markets in which it operates.”