MISSION’s full year trading update confirms that the group performed in line with market expectations, with the last weeks of the year particularly busy. Working capital is therefore likely to have increased net debt to more than the £2.1m previously anticipated by the market, but still within the 0.5x net debt/EBITDA target. Management continues to expect the group to be net cash positive by end FY20e, despite higher investment in both technology and geographic expansion. Unchang
22 Jan 2020
The Mission Marketing Group - Last minute surge
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The Mission Marketing Group - Last minute surge
Mission Group Public Limited Company (TMG:LON) | 21.5 -0.1 (-1.1%) | Mkt Cap: 19.6m
- Published:
22 Jan 2020 -
Author:
Fiona Orford-Williams -
Pages:
2
MISSION’s full year trading update confirms that the group performed in line with market expectations, with the last weeks of the year particularly busy. Working capital is therefore likely to have increased net debt to more than the £2.1m previously anticipated by the market, but still within the 0.5x net debt/EBITDA target. Management continues to expect the group to be net cash positive by end FY20e, despite higher investment in both technology and geographic expansion. Unchang