Financial results for the quarter ended 31 March 2017

Published on May 16, 2017

Financial results for the quarter ended 31 March 2017

The Marketing Group plc

Financial results for the quarter ended 31 March 2017

A period of internal focus, to lay the foundations for strong growth ahead”

The Marketing Group plc (“TMG” or the “Group”) is pleased to announce its financial results for the quarter ended 31 March 2017.

First quarter highlights

  • • Turnover of €7.19 million
  • • EBITDA of €125,000
  • • Net income amounted to €78,000
  • • Focus on internal restructuring
  • • New CFO, Mike McElhatton, appointed on 1 March 2017
  • • New Non-executive Chairman, Don Elgie, appointed on 1 March 2017
  • • New Non-executive Directors, Glen Fraser and Martin Blair, appointed on 28 March 2017

Post Period Highlights

  • • AGM held on 20 April 2017, confirming new board and passing all resolutions
  • • New Zealand Subsidiaries Marker Metro and Marker Studio merged
  • • Acquisition of French technology PR specialist, Reflexion Publique by Group subsidiary Ranieri

The Group’s interim results for the six months ended 30 June 2017 will be announced on 15 August 2017.

Commenting, Adam Graham, TMG CEO, said:  “TMG has entered a new chapter with a completely new Board and refreshed strategy. After a large number of acquisitions, a period of internal focus was appropriate and the company will emerge stronger as a result.”

For further information please contact:

The Marketing Group plc
Phone: +44 207 652 9789
E-mail: ir@tmg-plc.com

UK
Tim Metcalfe / Miles Nolan
IFC Advisory
Phone: +44 203 053 8671
E-mail: tim.metcalfe@investor-focus.co.uk

Sweden
Claes Delin / Mikael Widell
Phone: +46 703 11 9960
E-mail:
claes.delin@cordcom.se

Mangold Fondkommission AB, +46 8-5030 15 50, is the company’s Certified Adviser and liquidity provider.

The Marketing Group plc in brief

TMG is building a global full service marketing network that respects the individual cultures of each agency that joins. By providing a supportive platform for growth, and an agile management approach, TMG aims to provide a fresh alternative to the big holding companies: Independent spirit – global scale.

The Marketing Group plc is listed on Nasdaq First North Stockholm.