The MISSION Group - Identifying the opportunities
The MISSION Group’s interim announcement confirms July’s trading update, showing revenues up 17% and continuing sequential half-on-half recovery. An interim dividend of 0.8p is 4% ahead of that paid in FY19. Full year broker estimates are unchanged, implying H221 revenue growth of 14%. The group’s technology exposure has been a positive through the lockdown period, while the robust resurgence of property marketing in FY21 is driving good growth in specialist agency ThinkBDW. MISSION’s shares continue to trade at a discount to peers, despite the improving outlook and more coherent corporate strategy.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.
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