London – 26 March 2018 - The Marketing Group plc (“TMG” or the “Group” or the “Company”) is pleased to announce its financial results for the year ended 31 December 2017.

Financial highlights

  • Turnover of €22.860 million
  • Net Revenue of €14.786 million
  • Trading EBITDA of €2.343 million
  • Operating EBITDA of €1.471 million

Operational Highlights

  • Three new acquisitions
  • Minority investment in Narratrs, social influencer platform
  • Launched Temba, internal collaboration system
  • Launched Truth, the first media agency built on blockchain
  • Welcomed over 30 new clients to the group


Commenting, Adam Graham, TMG CEO, said,

“2017 was a turnaround year for the Group and now is time to change gear. Our comprehensive reorganisation of the Group has resulted in tighter strategic fit, better underlying performance, a game-changing new offering and a company set to make big strides in 2018.”

Chairman’s statement

Dear shareholders,

I would like to start by thanking all of you for your support and encouragement this year, with special thanks going to all our shareholders in Sweden who have been with us from the start of TMG as a listed business.

I joined TMG a year ago, enticed by the opportunity to build something special: a modern marketing and communications company designed for today’s needs. A company nimble enough to move with the times and supported by the best technology out there.

We have completed a challenging 2017 and I would like to give credit to Adam Graham, our CEO, who, following the strategic review of the Group, cleared out everything not fit for purpose. This created a foundation for the next stage in the Group’s journey to becoming a next generation marketing platform.

New visions required new beginnings and a clear break with the past required a change at the top. Following Adam Graham joining in November 2016 as Group CEO, in early 2017 the previous Board of Directors was replaced by four new directors, including myself as the Chairman, Mike McElhatton, CFO, Glen Fraser, a leading industry expert and Martin Blair, Chair of Audit. The new Board has a wealth of experience in building and running public companies, a deep knowledge of the advertising and marketing space and a lot of expertise in managing fast growth via acquisitions.

As part of the strategic review, we have also changed the structure for acquiring companies. Previous all-share acquisitions have led to inflated valuations. We have moved to part-cash / part-equity acquisition structures with multi-year earn-outs. It was also important for us to create an environment where founders of acquired businesses wouldn’t be running out of the door the moment their earn-out ends, but stay and grow with TMG. It is important that they feel it’s a partnership, as that is what we want to encourage.

To be able to service our clients globally, we need bigger scale. Thus making acquisitions will remain a key part of our growth strategy. Over the next two to three years we will pursue aggressive growth in North America and Europe whilst continuing to develop our offering in Asia and Australasia.

Our new rigour in finding and assessing the right companies, making the right offer and incentivising fast integration is already bearing fruit. Three businesses were acquired during the year (wildcard Communications in Germany, Reflexion Publique in France and The Content Agency in Australia) have all been successfully integrated and are now working across the TMG client base, having also brought attractive client bases of their own.

Being able to attract and retain talent remains a key challenge in the market. Our advantage is we are different from large groups: we give more responsibility and focus on culture, we are nimble, we are bold and we are entrepreneurial.

We see a lot of clients taking core marketing elements back in-house, as they want to regain control. This presents the opportunity to co-create with clients.

We create our own solutions to the biggest problems affecting clients. TRUTH, for example, is our new fully transparent media offering providing a solution based on blockchain.

This year has seen a strong performance from the Group's agencies in winning business, retaining clients and growing accounts. The turnover in the year ending 31 December 2017 reached €22.86m, while Trading EBITDA was €2.34m.

In 2017 we have made a clean break from the Group composition and financial structures inherited from the previous management. In Q2 we reported a decision and created a provision for the €43.57m write off of goodwill related to continuing and discontinued operations. The write off related to continuing operations was done to make sure that all investments are reflected at the current value rather than at the value of the original deals done as share swaps at higher prices, while the impairment for discontinued operations reflected the divestment of poorly performing companies which were not a good strategic fit. The net result for the year was a loss of €45.67m.

Despite this, we are starting 2018 with a clean financial structure and a sound set of companies which are fully aligned with the strategy and hungry for growth. This is invaluable in our transformation into a next generation company who is adept at providing what is really needed in today’s marketing climate.

The key priorities for the Board this year are creating a strong acquisition pipeline and making sure integration proceeds smoothly, getting funding sources in place to ensure optimal capital structure and securing growth capital; and exploring a move to the AIM market of the London Stock Exchange at the appropriate time, which should have a positive impact on the liquidity of our stock.

The Board will not be distributing dividends from FY2017. However, the Board is committed to the return of profits to shareholders either through paying dividends or share buybacks in future years.

TMG is an outward looking, digitally focussed group with an exciting year ahead of us. We have our destination in sight and are on the right path to realise our vision. Once again I’d like to thank you for being a part of this journey and look forward to seeing the Group evolve to reach its full potential.

Don Elgie, Chairman of the Board, The Marketing Group plc

Chief Executive Officer’s statement

Shortly after I joined TMG in November 2016, I conducted a fundamental review of the business. It became clear that the existing Group composition was not fit for purpose and there were many issues that needed to be resolved. 2017 has been the year in which we have restructured the Group in line with the new strategy and said goodbye to the past. We were able to do so without any disruption to winning and delivering client business.

Indeed, in 2017 we have added over 30 new clients to our already impressive global roster.

However, this turnaround has required a huge amount of attention and has prevented us from pushing forwards with other key initiatives at the pace I would normally expect. We have divested six companies and wound down three entities, which were either non-core or underperforming. We have also created the backbone of central operations that are essential for stability and growth.

We put a lot of emphasis on promoting collaboration in winning and delivering through joined-up Group teams. As TMG’s management is comprised of founders/CEOs from Group companies, and each member is a shareholder in TMG, their interests are fully aligned with the Group. Everyone shares the common vision of collaboration and this, in turn, means that we find solutions and knock down barriers - enabling high quality and fast delivery of client work.

As entrepreneurs, we are fully aligned with clients’ business goals and care less about industry awards. We believe that time and materials charging models are no longer the best approach. Value should be attributed to the output, and outcome, rather than the input.

In August 2017 we launched Temba, a collaboration platform that brings us closer together and streamlines operations. Temba allows teams around the world to identify skills, experience and resource availability. The cross-agency co-creation and global load balancing that this facilitates is central to our strategy of providing a lean and effective platform solution for global clients.

Our strong client base means we have a deep understanding of the problems that really matter. This allows us to incubate tech solutions. This year we launched TRUTH, the first media agency built on blockchain.

TRUTH solves a massive problem in media buying, where clients have been overcharged by multiple layers of intermediaries, while having little visibility into how their money is spent and what has been delivered. We are rolling out the TRUTH proposition across the Group and have experienced an unprecedented level of interest from clients looking for an alternative to the status quo.

We are also continuing to acquire complementary businesses. In 2017 we acquired three, all of them already working well with the rest of the Group. They demonstrate the continuation of the Group’s strategy of adding complementary, well-managed businesses that strengthen the Group’s position in strategic markets and diversify its service offering and client base.

The fast pace of technological change, and our strategy of building a lean, global network has provided us with an opportunity to fill the gap that has emerged due to the inability of large advertising holding companies to adapt to the new environment. It will take them several years to reorganise themselves around this challenge. This represents a window of opportunity for us to gain a significant increase in market share.

We are in a strong position as we can leverage the solutions we create across our client base. We are structured in a very flat and decentralised way which means we communicate and react in real time. This is essential for marketing in the modern era and it means that more of our clients’ budget goes where it should – on the work.

The current financial year will be focussed on growth: complementary acquisitions, winning new clients and growing existing accounts through collaboration. We will also re-brand the Company to reflect its new positioning and unify the group offering. We have a variety of funding choices available to us now, from multiple sources. We will ensure that any funding is structured and deployed in such as way as to drive growth and increase shareholder value.

Our ambition is to always provide clients with a viable alternative to the big guys. We have already proven we can do that by winning competitive business and retaining and growing relationships with Tier 1 brands.

Now that the clean-up is complete, TMG will change gears and accelerate rapidly through an ambitious program of growth and evolution into a next generation marketing platform.

We now have confidence and the ability to lead the market where it matters most. We intend to make some big moves in 2018.

Thank you for all your support.

Adam Graham, Chief Executive Officer

Chief Financial Officer’s Report

2017 has been a year of restructuring and putting in place a strategy to bind the group together for growth

Contributions to business during the year ended 31 December 2017 (“FY2017”)

During 2017, three new agencies were added to the Group level, while six entities have been divested and three entities wound down.

For comparison, we have restated FY2016 figures to include continuing operations only.

Turnover and Net Revenue

The Group’s Turnover for FY2017 totalled €22.86m (FY2016: €8.59m). TMG’s Net Revenue reached €14.79m (FY2016: €5.74m).

Subsidiary agencies in Australia and New Zealand contributed 52.5% to the Group’s FY2017 Turnover (FY2016: 55.2%), while North America, UK and Europe and Singapore accounted for 20.2%, 16.0% and 11.3% respectively (FY2016: 10.4%, 11.1% and 23.2%).

Brand and Communications contributed 41.3% in the FY2017 Turnover split by segment (FY2016: 66.8%,) while Science and Performance and Influence and Amplification contributed 41.0% and 17.7% of the total, respectively (FY2016: 19.4% and 13.8%, respectively).

Trading EBITDA and Operating EBITDA

Trading EBITDA is calculated before the charge of central group costs to the Operating EBITDA. In FY2017 Trading EBITDA reached €2.34m (FY2016: €1.73m). This translated into the Trading EBITDA margin of 16% (FY2016: 30%).

Central costs in FY2017 totalled €0.87m. An increase from €0.16m in FY2016 was due to the fact that in 2016 those were largely subsidised by a previous private equity backer of the company.

Operating EBITDA before acquisitions and non-cash items for FY2017 was €1.47m (FY2016: €1.57m). Operating EBITDA margin for FY2017 was 10% (FY2016: 27%).

At the half year the Directors decided that it would be prudent to write down the Goodwill on some of the companies as they were acquired through a share swap when the Group carried an extremely high share price. The carrying value of these companies was therefore adjusted to a more appropriate level.

Exceptional items of €11.92m (FY2016: €3.80m) comprised:

  • Goodwill impairment €9.08m (FY2016: nil)
  • Performance shares and initial purchase obligations €2.31m (FY2016: nil)
  • Cost of abortive acquisitions €0.52m (FY2016: prior year adjustment €3.80m)

Depreciation and amortisation, finance costs and tax

Depreciation and amortisation in FY2017 totalled €0.14m (FY2016: €0.06m).

Finance costs in FY2017 were €0.10m (FY2016: €0.04m).

Corporation tax for the year equalled €0.14m (FY2016: €0.09m).

Total comprehensive income

Adjusted EBITDA after exceptional items was a loss of €10.45m (FY2016: a loss of €2.23m) and the loss for the year from continuing operations was a loss of €10.84m (FY2016: a loss of €2.42m).

During the year the Group decided to divest a number of poorly performing companies which were not a good strategic fit. The cost of writing off the Goodwill is reflected in the €34.66m loss from discontinued operations and again this was the result of share exchanges at high values for TMG stock. No cash was received for these divestments but some shares have been returned and these will be cancelled. Due to the IFRS method of accounting the share returns will reduce the number of shares but will not reduce the write down of Goodwill.

Total comprehensive loss attributable to equity holders for FY2017 was €45.67m (FY2016: €2.12m).

Earnings per share

Loss per share from continuing and discontinued operations for FY2017 was €1.437 per share (FY2016: €0.137 per share restated from continuing operations).


The Board of Directors is not proposing to pay a dividend for FY 2017 (FY2016: nil). The Board has taken the view that the flexibility and opportunities offered by a larger capital base can compound the creation of
shareholder value in future years and has decided not to propose a distribution of dividends from the Group’s operations at this stage.

Cash flow

Net cash flow from operating activities in FY2017 was €0.76m (FY2016: €0.27m). Net cash outflow from investing activities in FY2017 was €0.82m (FY2016: inflow of €2.27m). Net cash outflow from financing activities in FY2017 stood at €0.11m (FY2016: outflow of €0.41m).

Liquidity and financial position

As at 31 December 2017, the Group’s cash at bank and in hand stood at €2.15m (31 December 2016: €2.42m). The Group companies’ overdrafts have been drawn at €0.19m as at 31 December 2017 (31 December 2016: €0.29m).

As at 31 December 2017, total assets amounted to €41.09m (31 December 2016: €83.21m) and total net assets amounted to €32.57m (31 December 2016: €71.21m).

Shares in issue

As at 31 December 2017 there were 34,290,077 ordinary shares in issue, including 627,417 held in treasury (at 31 December 2016 there were 35,093,728 ordinary shares in issue including 7,297,476 held in treasury). The average number of ordinary shares in issue adjusted for dilution during the year was 31,667,566.

Financial Key Performance Indicators (KPIs)

The Directors use the following KPIs to assess financial performance of the group and future acquisitions:

  • Revenue contribution from New Media / Digital segments
  • Revenue contribution from higher growth economies
  • Compounded Annual Growth Rate (CAGR) in EBITDA
  • Growth in shared clients as a measure of collaboration within the network


On 1 March 2017, Reflexion Publique was acquired for a full consideration of €0.06m.

On 15 February 2017, The Content Agency Pty Ltd was acquired for a full consideration of €0.11m.

On 1 November 2017, wildcard communications GmbH was acquired for the nil consideration upfront and a potential earnout of €2.10m .

On 28 November 2017, TMG increased to 14% its stake in One9Social Pty ltd which owns the (Singapore) platform for a consideration of €0.49m.

Mike McElhatton, CFO

The Group’s results for the 6 months ended 30 June 2018 will be announced on 15 August 2018 and the results for the 12 months ended 31 December 2018 will be announced on 27 March 2019.

The Group’s annual report will be published on 14 May and will be available on the Company’s website -

The Group’s Annual General Meeting will be held at midday 8 June 2018.

Notes to the results


Going concern

The Directors have carefully considered the funding requirements of the company for the foreseeable future. In the opinion of the Directors, The Marketing Group Plc will have adequate resources to continue in operational existence for the foreseeable future and accordingly the accounts have been prepared on a going concern basis.

Basis of preparation

The basis of preparation and accounting policies set out in this Report and Accounts have been prepared in accordance with the recognition and measurement criteria of IFRS, which also include International Accounting Standards (IAS’s), as issued by the IASB and with those of the Standing Interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC).

The financial statements have been prepared on the historical cost basis and on the going concern basis. The Company’s financial statements are presented in Euros.

Reporting by segments

The Group’s reportable segments under IFRS 8 are therefore as follows:

  • Brand and Communications;
  • Influence and amplification; and
  • Science and Performance.

The following is an analysis of the Group’s revenue and results by reportable segment:

2)          Segmental analysis

Segment revenue Segment profit
2017 2016 2017 2016
€’000 €’000 €’000 €’000
Continuing operations
Brand and communications 9,442 5,737 953 918
Science and Performance 9,376 1,670 882 476
Influence and amplification 4,042 1,185 508 336
22,860 8,592 2,343 1,730
Less: Central costs (872) (164)
Operating EBITDA 1,471 1,566

Reporting by geography 

Revenue from external customers Profit or loss
2017 2016
€’000 €’000 €’000 €’000
Continuing operations 
United Kingdom and Europe  3,662 954 345 (4)
Singapore 2,587 1,997 226 793
Australia and New Zealand 11,991 4,746 1,127 686
North America 4,620 895 645 255
22,860 8,592 2,343 1,730
Less: Central costs (872) (164)
Operating EBITDA 1,471 1,566


Continuing operations
2017 2016
€’000 €’000
Amortisation of intangible assets 2 1
Depreciation of owned fixed assets 141 56
Net (gain)/loss on foreign currency translation 44 (3)
Loss on disposal of fixed assets 8 -
Auditors’ remuneration 
Fees payable to the Company’s auditors for the audit of the Company’s    annual accounts 78 62
The audit of the Company’s subsidiaries pursuant to legislation 13 5
Tax compliance services 3 6
Other non-audit services 0 5
94 78


Goodwill Impairment

Bonus Shares

As part of the original Agglomeration agreements managers of the businesses were entitled to bonus shares if the financial performance for the first 2 years 12 after their acquisition exceeded the initial and/or prior years performance. Five companies in the group exceeded or are expected to exceed their profit targets and so were entitled to receive bonus shares to the value of €1.74m in total.

Initial consideration due to founders

The initial Agglomeration agreements entitled three of the founders to an additional €500k in consideration which was not included in the 2016 accounts. Because the acquisition cost was not booked as an estimate in the 2016 accounts, the additional liability has been recognised in 2017.

Cost of abortive acquisition

During 2016, the Company allotted 1,636,893 shares in advance of the proposed acquisition of TDA Group LLC which were recorded as treasury shares pending completion of the acquisition, due to the control the company held over the allotted shares at 31 December 2016. On May 31 2017, the Company aborted its proposed acquisition of TDA Group LLC and in doing so forfeited its control over 1,009,476 of these shares in issue, which has been recognised as a cost of aborted acquisition in 2017. The balance of 627,417 shares remain under the control of the Company and hence are recorded as treasury shares. (see Note 21)


Income tax recognised in profit or loss:

2017 2016
€’000 €’000
Current tax
In respect of the current year 232 186
In respect of prior years (39) -
Deferred tax
In respect of the current year (11) (22)
In respect of prior years (39) -
Total tax charge relating to continuing operations 143 164


2017 2016
€’000 €’000
Share capital 172 142
Share premium 78,456 73,185
78,628 73,327

Number ofOrdinary Share capital Share premium
€0.005 shares €’000 €’000
Balance at 1 January 2016 2 * *
Issue of shares for acquisition of subsidiaries 34,506,402 172 69,388
Prior year adjustment (see note XX) 587,326 3 3,797
Total shares at 31 December 2016 35,093,728 175 73,185
Less shares held in treasury (6,710,150) (33) -
Balance of shares in issue at 31 December 2016 28,383,578 142 73,185
Aborted acquisition of TDA 1,009,476 5 523
Issue of shares for acquisition of subsidiaries 59,497 - 106
Issue of shares on settlement of share-based payments 938,536 5 581
Issue of shares on settlement of deferred consideration 3,898,990 20 4,061
Balance of shares in issue at 31 December 2017 34,290,077 172 78,456
Treasury shares at 1 January 2017 6,710,150
Aborted acquisition of TDA (1,009,476)
Cancellation of shares held in treasury (5,073,257)
Shares held in treasury at 31 December 2017 627,417


Year ended31 Dec 2017 Period ended31 Dec 2016
Cents per share Cents per share
Basic earnings per share (1.437) (0.137)
Diluted earnings per share (1.437) (0.137)

There is no difference between the figures used for the basic and diluted earnings per share calculations. 2016 figures restated for continued operations and prior year adjustment.

The earnings and weighted average number of ordinary shares used in the calculation of basic earnings per share are as follows:

Year ended31 Dec 2017 Period ended31 Dec 2016
€’000 €’000
Earnings used in the calculation of basic earnings per share from continuing operations (45,492) (2,419)

No. No.
Weighted average number of ordinary shares for the purposes of basic earnings per share 31,667,566 17,657,892 


Customer Contracts Development costs Total
€’000 €’000 €’000
At 1 January 2016 - - -
Acquisitions through business combinations (Note 23) 35 - 35
At 31 December 2016 35 - 35
Additions - 237 237
Acquisitions through business combinations (Note 23) 13 - 13
Exchange difference (2) - (2)
At 31 December 2017 46 237 283
At 1 January 2016 - - -
Charge for the year 1 - 1
Acquisitions through business combinations (Note 23) 18 -  18
At 31 December 2016 19 - 19
Charge for the year 2 - 2
Exchange difference (1) - (1)
At 31 December 2017 20 - 20
At 31 December 2017 26 237 263
At 31 December 2016 16 - 16

Development costs include the following technology assets under development:

€107,000 has been spent on the Truth blockchain media platform which will enable clients to obtain full media transparency for their internet advertising campaigns. Development work is ongoing on the platform and the Directors’ are fully confident that the platform will give the agency a valuable technological lead in digital media.

Marker Studio in New Zealand has released a game called Samsara on 1 March 2018 and initial downloads of the game are in line with expectations. The Directors have therefore decided to carry forward the development costs of €130k for the game to amortise them against the income in 2018.


2017 2016
€’000 €’000
Balance at beginning of year 73,582 -
Additions arising from business combinations in year 2,724 73,582
Derecognised on disposal of subsidiaries (34,559) -
Balance at end of year 41,747 73,582
Accumulated impairment losses
Balance at beginning of year - -
Impairment losses recognised in year (9,083) -
Balance at end of year (9,083) -
Net book value 
As at 31 December 2017 32,664 73,582
As at 31 December 2016 73,582 -
b)   Acquisition of subsidiaries

During the year, the Group acquired the following companies. These transactions have been accounted for by the acquisition method of accounting.

The Content Agency Reflexion Publique wildcard Communications Total
€’000 €’000 €’000 €’000
Fair value of assets acquired
Non-current assets 
Fixed and intangible assets - 17 - 17
Current assets 
Trade and other receivables - 139 409 548
Cash at bank and in hand - 17 - 17
Current liabilities 
Trade and other payables - (145) (560) (705)
Bank overdraft - - (51) (51)
Non-current liabilities 
Other payables - - (279) (279)
Net Assets (Liabilities) - 28 (481) (453)
Goodwill 107 36 2,581 2,724
Fair value of consideration 107 64 2,100 2,271
Consideration - TMG shares 107 - - 107
Consideration - Cash - 64 - 64
Deferred consideration - - 2,100 2,100
Total consideration  107 64 2,100 2,271
Net cash inflow/(outflow) on acquisition of subsidiaries - (47) (51) 98



Disposal of companies

During the year, the Group entered into sales agreement to dispose of the following companies (“Disposed Companies”):

a)     Creative Insurgence Pte Ltd                              (Disposed 31 October 2017)

b)     Skye MM, LLC                                                         (Disposed 1 August 2017)

c)     Wilkin Marketing Ltd. Co.                                  (Disposed 1 August 2017)

d)     Horsepower 360 Marketing, LLC                     (Disposed 1 August 2017)

e)     Imagine Group Entertainment Pte. Ltd.        (Disposed 1 August 2017)

f)      Digital Virtue Ltd                                                   (Disposed 28 November 2017)

The disposals were effected as part of the Group’s strategic review on its portfolio of the companies, and was completed on the respective dates of disposal, on which control was passed to the acquirers of the respective companies.

Liquidation of companies

During the year, the Company announced the winding down of the following companies (“Companies in liquidation”):

a)      Black Marketing Pte. Ltd.                  

b)      Nice & Polite Ltd                                  

c)      Marker Metro Ltd (Merged operations with Marker Studio Ltd)

The winding down of the Companies in liquidation were executed as part of the Group’s strategic review to appropriately streamline its corporate structure and assessment of the companies to the Group. As at the 31st December 2017, the liquidation process was still ongoing for these companies.

The net loss for the year from the discontinued operations is analysed as follows (the comparative profit and loss from discontinued operations have been re-presented to include those operations classified as discontinued in the current year):

2017 2016
€’000 €’000
(Loss)/Profit of Disposed Companies during the year (1,106) 610
Loss on disposal of Disposed Companies (33,551) -
(Loss)/Profit for the year from discontinued operations (34,657) 610



The results of the Disposed Companies are as follows:


2017 2016
€’000 €’000
Revenue 2,581 7,250
Cost of sales (1,052) (3,131)
Other operating expenses (2,625) (3,869)
Other income (4) 502
Depreciation and amortisation expenses (39) (51)
Finance costs (8) (15)
Profit before tax (1,147) 686
Tax expense 41 (76)
(1,106) 610

During the year, the Disposed Companies and Companies in liquidation reduced €770,000 (2016 : contributed €123,000) to the Group’s net operating cash flows, paid €NA (2016 : received €265,000) in respect of investing activities and paid €57,000 (2016: €262,000) in respect of financing activities.


At the year ended 31 December 2016 5,660,583 shares were held in treasury for the cancelled acquisition of Astute Ltd. However, 587,626 of those shares had been released to sale advisors by the previous management and efforts to recover those shares have not been successful. The Directors have therefore had to write off those shares to the Profit and Loss account as at 31stDecember 2016 at the strike price of €6.47 per share which has led to a charge to the Profit and Loss of €3.8m.   This has no impact on the Group’s cash flow.

This information is information that The Marketing Group plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 7.00am CET on 26 March 2018.

For further information please contact:

Adam Graham, CEO



Lydia Oakes

Phone: +44 (0)7710 244573


Investor relations
Tim Metcalfe

Miles Nolan
Phone: +44 (0) 203 934 6630

The Marketing Group plc (“TMG”) in brief

TMG is building a global full-service marketing network, powered by technology, that provides a fresh alternative for global brands that want to see more bang for their buck. With offices in America, Europe, Asia and Australasia, TMG’s collaborative network of agencies provide a holistic service to deliver highly effective results.

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

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



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