Report
Fiona Orford-Williams

The MISSION Group - Broad-based recovery

The MISSION Group’s update indicates good trading in H121, with revenues up 9% and continuing sequential quarter-on-quarter recovery. Full year estimates are unchanged, implying H221 revenue growth of 14%. The £2.0m headline operating profit compares with the H120 loss of £1.8m, with the reduced cost base set to boost margins further in H221 and through FY22. The better performance is broadly based, with the tech and brand marketing agencies highlighted, along with recovery in property marketing. MISSION’s shares continue to trade at a discount to peers.
Underlying
The Mission Group

Mission Marketing Group is engaged in the business of delivering marketing and advertising related services to clients. Co. has four business and operating segments, namely: branding, advertising and digital; media; events and learning; and public relations.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Fiona Orford-Williams

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