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Mission Marketing Group

  • BY: Andrew Hore |
  • POSTED: 28/01/2013 |

Marketing services firm Mission Marketing Group says that it is on course to make a profit of 4.85m in 2012.

Mission Marketing reported a 4.2m profit in 2011. Brittany Ferries, M&S Bank and Harley Davidson are some of the new clients won last year.

Net debt will be cut by one-fifth to 12m. At the end of 2010, net debt was 18.6m.

A 2013 profit of 6m is forecast. Mission Marketing will get back to paying dividends in 2013. An interim dividend is planned. A total dividend of 1p a share is forecast and that would be covered more than five times by earnings.

At 32.5p a share, Mission Marketing is valued at 25m. The shares are trading at seven times 2012 earnings.

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