THE MARKETING GROUP PLC – INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2016
- Turnover for the six months ended 30 June amounted to 2.4 MEUR, an increase of 8.6 per cent compared to the same period last year.
- Pro forma turnover with all acquisitions for the six months ended 30 June amounted to 18.9 MEUR.
- EBITDA for the six months ended 30 June amounted to 0.7 MEUR, an increase of 1.9 per cent compared to the same period last year.
- Pro forma EBITDA with all acquisitions for the six months ended 30 June amounted to 4.5 MEUR.
- Shareholders’ equity as at 30 June amounted to 8.6 MEUR, an increase of 557.3 per cent compared to as at 31 December 2015.
The first H1 results come after what has been a phenomenal period for The Marketing Group plc. Following our public offering and subsequent listing on Nasdaq First North and the first acquisition under our growth plan, the company has grown exponentially. Our shareholder base continues to be a strong guiding force, shaping our direction and growth, with many new initiatives launched at their request. This illustrates that we are a company that is truly run for the benefit of our shareholders.
We plan to carry on delivering new companies to the group in the same manner as we have done so far for the rest of 2016. There are also have a number of underexploited cost saving and financial engineering opportunities within the group, which can be used to further enhance profitability and we will be discussing these together with the plans for 2017 at the September board meeting.
We still have the potential to grow geographically and in terms of service offering. As such we will strive to find well-established companies to further deepen our penetration and expand our offering, as well as working with companies in the group to find tactical acquisitions to grow their businesses. Whilst organic growth is not a necessary part of our business model, cooperation between group members is already looking strong and we hope to be able to announce some great inter group wins in the future.
Our new company transactions pipeline remains strong and we are beginning to appear on more and more companies’ radar as a route to grow their business.
The first half of this year marks the beginning of our journey and the whole team is working flat out to deliver even more in the second half and into 2017.
For more information, please contact
Hannah Middleton, Director and Communications Director
Phone: +65 8193 7625
Jeremy Harbour, Executive Chairman
Phone: +65 8661 1776
The Marketing Group in brief
The Marketing Group plc was incorporated in May 2015 with the purpose of gathering successful marketing businesses under one roof. During the first half of 2016, The Marketing Group acquired 12 companies with specialist skills and geographical reach. The Company comprises a series of independent marketing teams, each with specific expertise and innovative services. The consolidated group supports the subsidiaries with management and coordinating activities as well as a common operating platform. For more information, please visit the Company’s website www.marketinggroupplc.com. The Company’s share is listed on Nasdaq First North Stockholm from 8 June 2016 and Mangold Fondkommission AB, +46 8-5030 15 50, is the Company’s Certified Adviser and liquidity provider.